Machine-Hour
McGraw-Hill Science & Technology Dictionary:
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machine-hour
(mə′shēn ¦au̇r)
(industrial engineering) A unit representing the operation of one machine for 1 hour; used in the determination of costs and economics.
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Machine-Hour
Barron's Accounting Dictionary:
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Machine-Hour
Cost allocation base that provides a systematic and contemporaneous method of applying overhead costs to work-inprocess inventory. An overhead rate of cost per hour of work expended by a machine is applied to the work-in-process.With respect to modern mechanized production, such machine-hour-based rates produce more accurate application of overhead than rates based on direct labor-hours.
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McGraw-Hill Science & Technology Dictionary
McGraw-Hill Dictionary of Scientific and Technical Terms. Copyright © 2003, 1994, 1989, 1984, 1978, 1976, 1974 by McGraw-Hill Companies, Inc. All rights reserved.
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