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AFIS Means

question 43

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AFIS means:


Definitions:

Direct Labor Hours

The cumulative hours employees engaged in manufacturing products or delivering services have worked.

Applied Overhead Rate

A predetermined rate used to allocate manufacturing overhead costs to individual units of output.

Manufacturing Overhead Application Rate

The rate used to allocate manufacturing overhead costs to individual units of production, based on a chosen activity base.

Machine Cost

The total expenditure associated with acquiring and preparing a machine for its intended use.

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