Examlex
Technonlogy is ________
Machine-Hours
A unit of measure representing the operational use time of a machine, commonly used in allocating manufacturing overhead costs in product costing.
Manufacturing Overhead
All indirect costs associated with the production process, including costs of indirect materials, indirect labor, and other indirect expenses.
Direct Labor-Hours
The cumulative hours employees dedicate to directly participating in the creation of a product or the provision of a service.
Overhead Rate
The ratio used to allocate overhead costs to products or services, often based on direct labor hours or costs.
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