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Direct Labor
The wages and related costs for personnel who are directly involved in the production process of a company's products or services.
Factory Overhead Applied
This term refers to the amount of indirect manufacturing costs allocated to products based on an estimated overhead rate.
Factory Overhead
The indirect costs related to manufacturing, including utilities, maintenance, and salaried staff expenses that cannot be directly traced to specific units produced.
Machine Hours
A measure of production time, calculated by counting the number of hours that machinery is operating in the production of goods.
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