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Meetings are to be open to the public under the guidelines of the Sunshine Act of 1976. Meetings include:
Machine-Hours
A unit of measure indicating the duration machines are in operation in a manufacturing setting, critical in cost allocation and efficiency studies.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead to products or job orders, calculated before the period begins based on estimated costs.
Variable Manufacturing Overhead
Costs incurred during the production process that vary with the level of production, such as utilities for the manufacturing plant.
Direct Labor-Hours
A measure of the labor time directly involved in the production of goods or services, typically used as a basis for allocating manufacturing overhead costs.
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