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Assume the average annual CPI values for 2012 and 2013 were 207.3 and 215.3,respectively.What was the percent increase in the CPI between these two years?
Job-Order Costing System
A cost accounting system that assigns costs to specific production batches or jobs.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, based on a predetermined activity level.
Manufacturing Departments
Sections in a manufacturing plant, each focusing on various parts of the manufacturing process.
Machine-Hours
The total hours that machinery is in operation during a production process.
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