Examlex
In linear programming, a statement such as "maximize contribution" becomes a(n)
Machine-Hours
A measure of the time machines are run, used in allocating manufacturing overhead to products.
Manufacturing Overhead
All manufacturing costs that are not directly associated with the production of a product or service.
Plantwide Predetermined Manufacturing Overhead Rate
A single overhead rate calculated for an entire manufacturing plant, applied to all jobs or products to allocate manufacturing overhead costs.
Machine-Hours
Machine-Hours indicate the total hours that machinery is operating during a specific period of time.
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