Examlex
Quality management is a process that guarantees accurate test results,timely delivery of samples to the laboratory,and quality patient care.
Direct Costs
Expenses that can be directly traced to the production of specific goods or services.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products or job orders, based on a chosen activity base.
Machine-Hours
A unit of measure representing the operational use time of a machine, commonly used in allocating manufacturing overhead costs in product costing.
Manufacturing Overhead
All indirect costs associated with the production process, including costs of indirect materials, indirect labor, and other indirect expenses.
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