Examlex
The Trade in-Intellectual Property (TRIPS) code administered by the WTO:
Departmental Overhead Rates
Ratios used to allocate indirect costs to different departments based on specific criteria, such as labor hours or machine use.
Molding Department
The section in a manufacturing facility where raw materials are shaped into parts through various molding processes.
Machine Hour
A measure of production time, indicating the hours a machine is in operation.
Activity-Based Costing
A costing methodology that assigns overhead and indirect costs to related products and services based on the activities they require.
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