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Dropbox,Gmail,and Google Drive are examples of the Internet of Things.
Overhead Costs
Indirect expenses related to the operation of a business that are not directly assignable to a specific product or service.
Direct Labor Hours
The total hours worked by employees directly involved in the manufacturing of a product or the provision of a service.
Machine Hours
A measure of production time used in cost accounting to allocate costs to products or job orders, based on the hours a machine is operated.
Batch Size
The quantity of items or units produced in a single manufacturing run or production cycle, which can significantly impact production efficiency and cost.
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