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Manufacturing Costs
The total expense involved in the creation of a product, including raw materials, labor, and overhead costs.
Departments
Divisions within an organization, each responsible for specific functions or tasks.
Departmental Predetermined Overhead Rates
Rates calculated in advance for each department, used to assign overhead costs based on estimated activity levels.
Machine-Hours
A measure of the total time that machines are operating, often used as a basis for allocating manufacturing overhead costs.
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