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Predetermined Overhead Rates
An estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a chosen activity base.
Machine-Hours
A measure of production time, reflecting the total hours machines are operated in the manufacturing process.
Molding
Molding is a process of forming a material using a rigid frame or model called a mold, commonly used in manufacturing for creating a variety of parts and components.
Customizing
Modifying or tailoring a product or service to meet specific customer needs or requirements.
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