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Machine-Hours
A measure of production volume or activity based on the number of hours machines are in operation.
Unused Capacity
The available production capability that is not being utilized by a company.
Capacity
It is the maximum level of output that a company can sustain to produce in a given period under normal conditions.
Job-Order Costing
A costing methodology that calculates the cost of individual jobs or batches, useful in manufacturing or service industries where jobs are distinct and have varying requirements.
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