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Machine-Hours
Machine-Hours are a measure of the actual running time that a machine or group of machines operates during a given period.
Manufacturing Overhead
All indirect costs associated with the production process, such as utilities, rent, and salaries for support staff.
Departmental Predetermined Overhead Rates
Rates calculated to allocate overhead costs to products or services, based on department-specific activities and cost drivers.
Machine-Hours
An accounting term that indicates the total number of hours a machine is used during a specific period for manufacturing purposes.
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