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Manufacturing Overhead Costs
Indirect costs related to manufacturing that cannot be directly attributed to specific products, including costs such as factory rent and utilities.
Machine Hours
A measure of the operating time of machines or equipment, used in allocating manufacturing costs based on usage.
Overhead Application Rate
A rate used to allocate overhead costs to products or services, often based on direct labor hours or costs.
Bill of Lading
A legal document issued by a carrier to acknowledge receipt of cargo for shipment, acting as a contract and a receipt.
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