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The method T.H.M. (machine – hour – rate) gives greater accuracy in the factories or departments, where production is largely by machinery. What is the machine hour? : the operation of one machine for one hour used as a basis for cost finding and for determining operating effectiveness. What isRead More →

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: the operation of one machine for one hour used as a basis for cost finding and for determining operating effectiveness. What is machine hour rate and explains its factors? (1) Ordinary Machine Hour Rate: This rate takes into account only those overhead expenses which are variable and directly attributedRead More →