Examlex
What is meant by big data?
Fixed
Refers to costs or expenses that do not change in proportion to the level of activity or production volume, such as rent or salaries.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to individual units of production, calculated before the production process begins.
Accuracy
The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.
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