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Identify five important guidelines for drawing a flowchart.Select one from your list and describe why it could be the most important one to consider when preparing a flowchart.Support your choice with an example.
Idle Capacity
Unused or underused production capacity, where the facility is capable of producing more but is not due to lack of demand or other factors.
Activity-Based Costing
This costing method assigns overhead and indirect costs to specific activities, thus providing a more accurate reflection of the costs associated with producing specific products or services.
Manufacturing Overhead
All manufacturing costs that are not directly associated with the production of a product, including indirect materials, indirect labor, and other expenses such as depreciation and maintenance.
Meeting With Clients
A scheduled gathering between a service provider or business representative and one or more clients to discuss services, products, or other business matters.
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