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Manufacturing Operations
All processes involved in converting raw materials into finished goods, including assembly, labor, and use of machinery.
Unused Capacity
Refers to the available production or service facility space that is not currently being used to generate revenue or produce goods.
Sunk Cost
A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.
Accumulated Depreciation
The total depreciation expense allocated for a tangible asset over its usage period, reducing its book value.
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