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General Factory
Typically refers to a manufacturing site where various goods are produced through a combination of human labor, machines, and processes.
Activity Cost Pool
A collection of all costs associated with a specific activity or process, used in activity-based costing to allocate indirect costs to products or services.
Overhead
Overhead refers to the ongoing business expenses not directly attributed to creating a product or service, including costs like rent, utilities, and insurance.
Direct Labor-Hours
The total hours worked by labor directly involved in the manufacturing process, crucial for calculating labor costs and efficiencies.
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