Examlex
The streamlining of work processes that lead to the development of mass production techniques was brought about with the adoption of scientific management.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a certain activity.
Variable Manufacturing Overhead
Costs that fluctuate with production volume, such as utilities and materials used in the production process.
Direct Labor-Hours
The total number of hours worked by employees who are directly involved in the manufacturing process.
Fixed Manufacturing Overhead
Costs in manufacturing that do not change with the level of production output, such as rent, salaries of permanent staff, and depreciation of factory equipment.
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