Examlex
Any paid form of nonpersonal communication about an organization, product, service, or idea by an identified sponsor is referred to as
Machine-Hours
A measure of production time or capacity based on the number of hours machines are in operation.
Unused Capacity
The available production or service capability that is not being utilized by a business.
Predetermined Overhead Rate
A rate calculated before the accounting period begins, used to allocate manufacturing overhead costs to individual jobs or products based on a certain activity base, such as machine hours or labor hours.
Automated Lathe
A machine used in the manufacturing process that is controlled by a computer, improving precision and efficiency in producing parts.
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