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-In the table above, Y is measured along the y-axis and X along the x-axis. The slope between points a and b is
Machine Hours
A measure of the time a machine is in operation, used in cost accounting to allocate machine costs to products.
Overhead Applied
The allocation of estimated overhead costs to specific jobs or production units during an accounting period.
Direct Labor Cost
The wages and related benefits of employees who are directly involved in the production of goods or services.
Manufacturing Overhead
All indirect costs associated with the production of goods, such as utilities and salaries for non-direct labor.
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