Machine Hours

2 Posts
1 Sections
1 Types

August 31, 2024 4 min read Definitions

Machine Hour Rate: An Absorption Rate Used in Absorption Costing

Accounting Management Finance Costing Overhead Allocation Absorption Costing Machine Hours Manufacturing

Machine Hour Rate is an absorption rate used in absorption costing, crucial for accurately allocating overhead costs based on machine hours.

August 25, 2024 4 min read Definitions

Constraining Factor: Limiting Production or Sales

Economics Management Production Limitations Machine Hours Labor Hours Resources

An in-depth look at constraining (or limiting) factors that restrict or limit a firm's production or sales capabilities. Examples include machine-hours, labor-hours, material shortages, and other limitations.