Examlex
AFIS means:
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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