Examlex
A purchase order prepared under an existing contract or scheduling agreement is called a
Machine-Hours
A measurement of production output or activity based on the number of hours machines are operated in the manufacturing process.
Machining Department
A specific division within a manufacturing plant where machining, a process of shaping metal or other materials, is carried out.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate indirect costs to products or services based on a consistent activity measure.
Machine-Hours
A measure of production volume that records the number of hours machinery is in operation.
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