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Which of the following is not true concerning European forays into the New World?
Predetermined Overhead Rate
An estimated rate used to allocate overhead costs to products or services, based on a chosen activity base.
Automated Shaper
A machine tool controlled by computers, designed for shaping materials such as metals or wood.
Unused Capacity
The portion of a company's production capability that is not currently being utilized for production.
Job-Order Costing
An accounting methodology that tracks costs individually for each job, rather than on a department or factory-wide basis.
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