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Milling Department
A specific division within a manufacturing facility where milling processes, such as grinding, crushing, or cutting, are performed on raw materials.
Plantwide Predetermined Manufacturing Overhead Rate
A single overhead rate calculated for an entire manufacturing plant, used to allocate manufacturing overhead costs to products based on a common activity base, such as machine hours.
Machine-Hours
A measure of the total hours that machinery is in operation during the production process.
Markup
The amount added to the cost of a product to create a price point that ensures profit for the company.
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