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For an instrument to be negotiable,it need not be signed.
Standard Machine-Hours
A measure of manufacturing time that is expected to be used, based on a standard rate of output per machine.
Manufacturing Overhead
All indirect costs associated with manufacturing, excluding direct labor and direct materials. This includes expenses such as utilities and rent for the manufacturing facilities.
Direct Labor Costs
Expenses associated with employees who are directly involved in the production of goods or services.
Actual Hours
Refers to the real amount of time spent on a task or activity, as recorded or reported.
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