Examlex
Which of the following statements is incorrect?
Machine-Hours
The total hours a machine is operated within a given period, often used to allocate manufacturing overhead.
Unused Capacity
The difference between a company's actual production and its maximum potential production if all resources were fully utilized.
Capacity
The maximum level of output that a company can sustain to produce in a given period under normal circumstances.
Machine-Hours
Machine-hours refer to the total time that machinery is in operation, often used as a basis for allocating manufacturing overhead costs.
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