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Direct Labor Hour
The amount of time spent by workers directly manufacturing a product or providing a service, often used in costing and operational efficiency analysis.
Molding Department
A specialized manufacturing sector responsible for shaping materials using rigid frames or models called molds.
Overhead Rate
A measure used to allocate the costs of indirect expenses to specific cost objects based on a certain base, such as labor hours or machine hours.
Plantwide Overhead Rate
A single overhead absorption rate used throughout an entire plant or company to allocate indirect costs to cost objects.
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