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Callon Industries has projected sales of 67,000 machines for 2012. The estimated January 1, 2012, inventory is 6,000 units, and the desired December 31, 2012, inventory is 15,000 units. What is the budgeted production (in units) for 2012?
Estimated Overhead
An approximation of the ongoing operational costs not directly tied to production, used for budgeting and pricing.
Single Plantwide Factory Overhead Rate
A method of allocating overhead costs to products based on a single predetermined rate, typically used in manufacturing environments where production processes are similar.
Direct Labor Hours
The total time spent by workers directly involved in the manufacturing process to produce goods.
Machine Hours
A measure of production output, calculated by the total hours that machinery is operated in the production of goods.
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