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Machine-Hours
A unit of measure that represents the operation of one machine for one hour, used in manufacturing to allocate costs based on machine usage.
Standard Costing System
An accounting system that uses standard costs for determining the cost of products or services, facilitating variance analysis against actual costs.
Standard Hours
The allocated time that is expected to be required to complete a specific task or job in a manufacturing or project environment.
December's Production
The total output or number of units produced by a company or factory during the month of December.
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