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Machine-Hours
A measure of production time using machinery, often used as a basis for allocating manufacturing overhead to products.
Overhead Cost
The indirect costs that are not directly tied to production or sales, such as rent, utilities, and office expenses.
Activity-Based Costing
A costing methodology that assigns overhead costs to products based on their consumption of activities.
Machine-Hours
A measure of production or work time, referring to the total hours a machine is operated in the performance of its tasks.
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