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Unit Product Cost
The total cost associated with producing one unit of a product, calculated by dividing the total production costs by the number of units produced.
Overhead Applied
The portion of overhead costs allocated to individual products or services based on a predetermined rate.
Machine-Hours
An evaluation of manufacturing productivity or action determined by how long equipment is running.
Total Job Cost
The total expense attributed to producing a specific job, including materials, labor, and overhead costs.
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