Examlex
To be effective a geo positioning system receiver must be in contact with at least two different satellites at the same time.
Direct Labor-Hours
The total hours worked by employees directly involved in the production process, often used as a basis for allocating costs to products.
Machine-Hours
A measure of production time, reflecting the total hours that machinery is operational during a specific period.
Multiple Overhead Rate
The use of more than one overhead rate to allocate a company's indirect costs more accurately than a single overhead rate.
Plantwide Overhead Rate
A single overhead absorption rate used throughout an entire plant or factory, applied uniformly to all cost objects.
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