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One Advantage of a Database System Over Previous Data Management

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One advantage of a database system over previous data management approaches is that the database system is considerably less complex.


Definitions:

Markup

The amount added to the cost of a product to cover overhead and profit, expressed as a percentage of the cost.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, from maintenance to quality control.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead costs to products, calculated before the fiscal period begins based on estimated costs and activity levels.

Machine-Hours

A measure of production activity that quantifies the number of hours machines are run in the manufacturing process.

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