High Costs Kept Large Factories from Being Located in Early

question 38

True/False

High costs kept large factories from being located in early nineteenth century cities.

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Definitions:

Machine-Hours

A measure of the amount of time that a machine is operated, used as a basis for allocating manufacturing overhead costs in traditional costing systems.

Manufacturing Departments

Divisions within a manufacturing facility, each specializing in different aspects of the production process.

Job-Order Costing System

A costing method that accumulates manufacturing costs separately for each job.

Direct Labor Cost

The total expense that a company incurs for labor directly involved in the production of goods or services, including wages and benefits.