Examlex
The number of class intervals in a histogram depends on the number of observations in the data set.
Fixed Manufacturing Overhead
Costs related to manufacturing that remain constant regardless of the level of production or sales.
Machine-Hours
A measure of production volume expressed in the total hours machines are operated within a given period.
Budget Variance
The difference between what was budgeted or forecasted and what was actually achieved, indicating over or underperformance.
Predetermined Overhead Rate
A calculated rate used to apply manufacturing overhead to products or job orders, based on a related activity measure such as labor hours.
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