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What strategy increases the reliability of observational data by using explicit rules that standardize coding practices across observers?
Set-Up Costs
Expenses incurred to prepare and configure equipment or processes for production.
Activity-Based Costing
An approach to costing that recognizes organizational activities and distributes each activity's costs to every product and service, reflecting their real consumption.
High-Low Method
A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.
Variable Cost
A cost that varies directly with the level of production or sales volume, such as materials and labor costs.
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