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Machine Hours
A measure of production time, calculating how long a machine has been in operation, often used to allocate manufacturing overhead.
Direct Labor Hours
The total hours worked by employees directly involved in the production of goods or services.
Direct Labor Dollars
The total cost of workforce labor that is directly involved in the manufacturing or production of goods and services.
Finished Goods Inventory
The total value of all completed products that are ready for sale at the end of an accounting period, part of a company's current assets.
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