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The use of prototypes in thinking is usually a deliberate and conscious strategy to help us think creatively.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products by estimating overhead costs in advance.
Automated Manufacturing
The use of computer-controlled machinery and robotics in the production process to increase efficiency and reduce human error.
Activity Base
A measure used to assign costs to cost objects based on their use of activities, often used in activity-based costing.
Direct Labor Hours
The total hours worked by employees directly involved in manufacturing a product or providing a service.
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