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Variable Manufacturing Overhead
Costs in the production process that change with the volume of production, such as utility costs or raw materials.
Predetermined Overhead Rates
Estimated rates used to allocate overhead costs to products or activities, based on selected bases like labor hours or machine hours.
Machine-Hours
A unit measure representing the operating time of machinery, used in calculating production costs and allocating expenses based on machine usage.
Molding
The process of shaping a material by introducing it into a rigid frame called a mold.
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