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When considering drift and noise,how would you explain price movements over smaller and smaller time intervals?
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead to individual jobs or products based on a consistent basis such as labor hours or machine hours.
Automated Jointer
A machine used in woodworking that automatically joints or planes the edges of wood stocks to prepare them for gluing or assembly.
Unused Capacity
The portion of a company's resources or potential that is not currently being utilized to generate revenue or output.
Job-Order Costing
A cost accounting system that accumulates costs per job, rather than a process, suitable for firms that produce goods or services to specific customer orders.
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