Examlex
The debt ratio measures the ratio of liabilities to
Fixed Manufacturing Overhead
Costs in manufacturing that do not vary with the level of production, including factory rent, salaries of permanent staff, and equipment depreciation.
Machine-Hours
A measure of the amount of time machines are operated in the manufacturing process, used as a basis for allocating costs.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate manufacturing overhead costs to products based on a selected activity base such as labor hours or machine hours.
Direct Labor-Hours
The total hours of labor directly involved in manufacturing a product, used in calculating labor costs and efficiency in production.
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