Examlex
How many conditions would there be in a factorial design with 2 levels of factor A and three levels of factor B?
Machine-Hour
A unit of measure representing the operation of one machine for one hour, used in cost accounting to allocate expenses to products based on the time machines are used in their production.
Overhead Applied
The amount of overhead cost allocated to products or job orders based on the predetermined overhead rate, used for cost accounting purposes.
Machining Department
A specific division within a manufacturing facility where machining processes such as cutting, drilling, or milling are performed on workpieces to produce finished parts.
Overhead Rates
Ratios used to allocate indirect costs to products or services, based on a predetermined activity base such as labor hours or machine hours.
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