Examlex
To be effective, IQ scores should be:
Machine-Hours
A measure of the amount of time a machine is operated, used as a basis for allocating overhead costs in manufacturing.
Forming
The process of shaping material into a desired geometry, often through methods like forging, molding, or casting.
Customizing
Modifying or adapting a product, service, or process to meet specific customer needs or preferences.
Manufacturing Overhead
All manufacturing costs aside from the costs of direct materials and direct labor, encompassing expenses such as maintenance, utilities, and rent of the production facility.
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