Examlex
If a person accepts the benefits of an unauthorized transaction,or fails to repudiate it,then he is bound by the act as if he had originally authorized it.
Automated Shaper
Machinery equipped with computer numerical control (CNC) to shape materials into specific designs with minimal human intervention.
Unused Capacity
Refers to the available production or service facility resources that are not currently being used.
Predetermined Overhead Rate
A rate used in cost accounting to allocate manufacturing overhead costs to products based on a planned level of activity or driver, such as machine hours or labor hours.
Machine-Hours
A measure of production volume or activity based on the number of hours machines are in operation.
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