Examlex
Which statement about the processing of foods is true?
Markup
The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost.
Machine-Hours
A measure of production volume or activity based on the number of hours machines are operated.
Machine-Hours
A measurement used in cost accounting to allocate expenses to products or job orders, based on the number of hours machines are operated.
Direct Labor-Hours
An indicator of the cumulative hours spent by workers directly engaged in the production process.
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