Examlex
The invoice price of a Treasury bond futures contract is based on the settlement price on position day and the conversion factor.
Casting
A manufacturing process where a liquid material is poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify.
Assembly
The phase in manufacturing where components are put together to form a final product.
Predetermined Overhead Rates
Rates used to allocate manufacturing overhead costs to products or job orders, calculated based on estimated costs and activity levels.
Machine-Hours
A measure of production time that quantifies the number of hours machines are operated in the manufacturing process.
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