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Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate overhead costs to products or services based on a selected activity base.
Automated Shaper
A machine tool that operates under programmed control to shape materials.
Capacity
The maximum level of output that a company can sustain to make a product or provide a service.
Job-Order Costing
A cost accounting system that calculates the cost of individual jobs or orders, commonly used in custom manufacturing.
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