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Job-Order Costing
An accounting methodology that tracks costs individually for each job, rather than on a department or factory-wide basis.
Automated Shaper
Machinery equipped with computer numerical control (CNC) to shape materials into specific designs with minimal human intervention.
Unused Capacity
Refers to the available production or service facility resources that are not currently being used.
Predetermined Overhead Rate
A rate used in cost accounting to allocate manufacturing overhead costs to products based on a planned level of activity or driver, such as machine hours or labor hours.
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