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The light-emitting diode (LED) :
Direct Labor Hours
The total hours worked by employees that can be directly associated with the production of goods or services.
Single Plantwide Overhead Rate
A cost allocation method that applies the same overhead rate to all products, regardless of the department where they were produced or the amount of overhead they actually incurred.
Machine Hours
A metric used to allocate manufacturing overhead costs to individual products based on the number of hours the machines are run to produce them.
Fabrication Department
A division or unit within a manufacturing firm dedicated to the assembly or production of goods, where raw materials are transformed into finished products.
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