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Schopenhauer says, "For all that, it must rouse our sympathy to think how very little the Will, this lord of the world, really gets when it takes the form of an individual; usually only just enough to keep the body together. This is why man is so very miserable."
Machine-Hours
A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs in some costing systems.
Markup
The amount added to the cost price of goods to cover overhead and profit; it calculates the selling price.
Manufacturing Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as maintenance, depreciation, and utilities.
Predetermined Overhead Rate
A rate calculated before a period begins, based on the estimated total manufacturing overhead costs and estimated allocation base, used to allocate overhead to products or job orders.
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