Examlex
A network is a communications system created by linking two or more devices and establishing a standard methodology in which they can communicate.
Casting Department
A department within a manufacturing entity responsible for the process of pouring liquid material into a mold to create a solid shape.
Overhead Rate
The ratio used to allocate indirect costs to produced goods, calculated by dividing total overheads by an allocation base.
Plantwide Predetermined
A single overhead rate calculated for an entire plant or facility, used to allocate overhead costs to all products equally.
Direct Labor-Hour
A measure of the amount of time spent by workers directly involved in the manufacturing process to produce a single unit.
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