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Standard Machine-Hours
The predetermined amount of machine time estimated or allocated for the production of a unit or batch of products, used for costing and efficiency measurements.
Variable Overhead Rate
The ratio of variable overhead costs to a related activity driver, often used in cost accounting.
Overhead Efficiency
A measurement of how effectively a company uses its overhead costs in generating revenue.
Fixed Overhead Budget
A plan for the fixed costs involved in operating a business, which do not vary with levels of production or sales.
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