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Job-Order Costing
A costing method used to calculate the production costs of individual units or batches of products, making it especially useful for customized orders in manufacturing or service industries.
Plantwide Overhead Rate
An overhead allocation rate applied uniformly to all products or services based on overall plant activity, ignoring individual departmental differences.
Direct Labor-Hours
Refers to the measurable amounts of work effort contributed directly by laborers on the manufacturing floor towards the production of goods.
Manufacturing Departments
Specialized subdivisions within a manufacturing facility where different stages of the production process are carried out.
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