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Figure 1.1
Identify the levels of organization in the figure above.
-Label B: ______________________________
Machine Hours
A measure of production time, calculated as the total number of hours that machines are operated during a specific period.
Applied Amount
The portion of an allocated or assigned cost to a particular department, project, or product.
Factory Overhead
Indirect costs associated with manufacturing, including costs related to operating the manufacturing facilities, aside from direct labor and direct materials costs.
Machine Hours
A measure of the amount of time a machine is operated, used in allocating manufacturing costs.