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Figure 1.2
Using the figure above, identify the labeled part.
-Label I: ______________________________
Manufacturing Departments
Sections in a manufacturing plant, each focusing on various parts of the manufacturing process.
Machine-Hours
The total hours that machinery is in operation during a production process.
Markup
The amount added to the cost price of goods to cover overhead and profit, determining the selling price.
Manufacturing Overhead
Manufacturing overhead includes all manufacturing costs other than direct materials and direct labor, such as rent, utilities, and depreciation on manufacturing facilities.