Given the following two equations:
Show how equation (1)can be used to derive equation (2).
Definitions:
Machine-Hours
The total time, calculated in hours, that machinery is operational and working on production tasks during a given period.
Molding
The process of shaping a raw material using a rigid frame or model known as a mold.
Assembly
The process of putting together individual components or pieces to form a finished product.
Predetermined Overhead Rate
An estimated rate used to apply manufacturing overhead cost to jobs or products, based on a planned activity level and expected overhead costs.
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