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One strategy for successful managers is to value relational capabilities as much as equity and asset-heavy capabilities.
Assembly Department
A specific area in a manufacturing facility where components are put together to create a final product.
Predetermined Overhead Rate
An estimated rate used to assign manufacturing overhead costs to products, calculated before the costs are actually incurred.
Casting Department
A specific section within a manufacturing facility where metal casting processes take place, such as melting and shaping metals into desired forms.
Machine-Hour
A unit of measure representing the operation of one machine for one hour, used in cost accounting to allocate expenses to products based on the time machines are used in their production.
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