Examlex
Match each of the appropriate formulas with correct term.
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Machine-Hours
The total hours that machines are operated in the production process, used as a basis for allocating manufacturing overhead to products.
Cost Of Goods Sold
The total cost directly involved in producing goods or services sold during a specific period.
Predetermined Overhead Rate
A rate calculated before a period begins, used to apply overhead costs to products based on a certain activity such as labor hours or machine hours.
Machine-Hours
A measure of the amount of time machines are operating in the production process, often used to allocate manufacturing overhead costs.