Examlex
When a parity bit is assigned to ASCII,the Hamming distance becomes 4.
Manufacturing Overhead
The indirect costs associated with manufacturing, including costs related to the operation of the factory, such as utilities and salaries for supervisors.
Weighted Average Method
An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during the period.
Equivalent Unit
An equivalent unit is a measure used in cost accounting to express the amount of work done on partially finished goods as a proportion of finished goods.
Conversion Rate
A metric used to measure the percentage of potential customers who take a specific desired action, often used in digital marketing.
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