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Machine-Hours
A measure of production output or work, indicating the total time machines are operated.
Bill Of Materials
A document that shows the quantity of each type of direct material required to make a product.
Direct Material
Raw materials that can be directly associated with the production of a specific product.
Predetermined Overhead Rate
An estimated rate used to apply manufacturing overhead to products or cost objects, calculated before the period begins based on forecasted costs and activity levels.
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