Examlex
This is the doctrine whereby a previous decision by a court applies as a precedent in similar cases until the decision is overruled.
Direct Labor-Hours
The total hours of labor directly worked on the production of goods or services, used as a basis for assigning labor costs.
Machine-Hours
A measure of production time wherein the focus is on the number of hours a machine is operated in the manufacturing of goods.
Casting Department
The casting department is a specialized segment within a manufacturing facility where metal casting processes are carried out to create metal parts.
Finishing Department
A section of a manufacturing company where goods are completed and prepared for sale.
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