Examlex
What type of conclusion is used by Steve Jobs in the conclusion of his commencement address at Stanford University in 2005?
Stewart [Brand] and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: "Stay Hungry. Stay Foolish." It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you. Stay Hungry. Stay Foolish.
Standard Machine-Hours
The estimated amount of machine time required to produce a single unit of production under normal operating conditions.
Fixed Manufacturing Overhead
Costs in the manufacturing process that do not vary with the volume of production, such as salaries of managers and depreciation of factory equipment.
Volume Variance
The difference between the expected volume of units produced or sold and the actual volume, affecting cost allocations in budgeting.
Predetermined Overhead Rate
An estimated charge per unit of activity used to allocate manufacturing overhead costs to products, calculated at the beginning of a period based on expected costs and activity levels.
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