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Production Departments
Divisions within a manufacturing company dedicated to specific production processes or tasks.
Journalize
The process of recording financial transactions in a company's journal, the first step in the accounting cycle that chronicles all financial activities.
Factory Overhead Rate
The total indirect manufacturing costs associated with production, allocated over a specific base such as labor hours or machine hours.
Machine Hours
A measure of production time used in cost accounting to allocate costs to products or services based on the time they spend being processed on a machine.
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