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The Two General Classifications of Software Are

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The two general classifications of software are:


Definitions:

Factory Overhead

All costs related to production that are not direct materials or direct labor costs.

Machine Hours

A measure of the total time that machines are operating during a specific period.

Applied Overhead

The segment of manufacturing overhead expenses assigned to each production unit according to a pre-established rate.

Factory Overhead

All indirect costs associated with manufacturing, including utilities, maintenance, and salaries of non-direct labor.

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