Examlex
____ was passed to "assure as far as possible every working man or woman in the Nation safe and healthful working conditions and to preserve our human resources."
Machine Hours
The total hours that a machine or group of machines operates during a specific period, often used as a basis for allocating manufacturing overhead.
Direct Labour
Compensation for employees who engage specifically in the creation of a company's products, an essential component of production costs.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead to products or job orders, based on a predetermined formula.
Work in Process
Inventory that includes partially completed goods that are still undergoing manufacturing or production processes.
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