rate per machine hour
rate per machine hour A basis used in absorption costing for absorbing the manufacturing overhead into the cost units produced. The formula is:
This rate may not be very useful for managers if overheads do not increase or decrease as machine hours increase or decrease. Activity-based costing systems can provide a more accurate cause-and-effect allocation of costs.
- African, Caribbean, Pacific Group
- African Development Bank
- African Union
- after date
- after-hours deals
- after market
- after-sales service
- after sight
- age allowance
- age analysis
- age and life-cycle segmentation
- age discrimination
- ageing schedule
- agency agreement
- agency relationship
- agency worker
- agenda
- agent
- age of consent
- aggregate demand
- aggregate planning
- aggregator
- aggregator model
- AGM
- agora