Examlex
The planning process starts with:
Predetermined Overhead Rates
An estimated rate used to allocate manufacturing overhead costs to products or job orders, based on a selected activity base.
Machine-Hours
The total number of hours that machinery is operating for production purposes.
Machining
A manufacturing process involving the shaping of metal or other materials using machines such as lathes, milling machines, and grinders.
Finishing
Refers to the final process in manufacturing or production, where products are completed, treated, or coated to meet quality and design specifications.
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