Examlex
What does Hsp (as in Hsp60) stand for?
Direct Labor Hours
The total hours worked by employees that can be directly associated with the production of goods or services.
Single Plantwide Overhead Rate
A cost allocation method that applies the same overhead rate to all products, regardless of the department where they were produced or the amount of overhead they actually incurred.
Machine Hours
A metric used to allocate manufacturing overhead costs to individual products based on the number of hours the machines are run to produce them.
Fabrication Department
A division or unit within a manufacturing firm dedicated to the assembly or production of goods, where raw materials are transformed into finished products.
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