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Home > QFINANCE Dictionary > Definition of machine hour rate

Definition of

machine hour rate

Finance

proportion of overhead costs an overhead absorption rate based on the number of hours a machine is used in production

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Definitions of ’machine hour rate’ and meaning of ’machine hour rate’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’machine hour rate’ and other financial terms with our online QFINANCE Financial Dictionary.

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