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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.
Predetermined Overhead Rate
A rate calculated at the beginning of a period by dividing estimated total overhead costs by an estimated allocation base, used to apply overhead to products or services.
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