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A car travels along a certain road at an average speed of 60 kmph and returns along the same road at an average speed of 20 kmph.Calculate the average speed for the round trip.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate estimated overhead costs to products or job orders based on a selected activity base.
Automated Jointer
A machine tool used in woodworking that automatically creates a flat surface along the length of a board or piece of lumber.
Gross Margin
The difference between sales revenue and cost of goods sold, expressed as a percentage of sales revenue, indicating the financial health of sales.
Activity-Based Costing
A costing methodology that assigns the costs of resources to products or services based on the consumption of those resources.
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