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Direct Labor Time
The amount of time that workers directly involved in the production process spend on the manufacture of products, critical for costing and efficiency analysis.
Automated Production Line
A sequence of automated machines and workstations arranged to efficiently manufacture a product.
Activity-Based Costing
A pricing strategy that pinpoints various tasks within a company and allocates the expenses of each task to every product and service based on their real usage.
Idle Capacity
The condition where equipment or workspaces are not being used to their full potential, often resulting in inefficiency and lost productivity.
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