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Activity-Based Costing
A costing methodology that assigns costs to products or services based on the activities they require, aiming for more accurate product costing.
Resource Consumption
The use of resources (such as raw materials, energy, or labor) in the production of goods or provision of services.
Activity-Based Costing
A costing method that allocates overhead and indirect costs to related products and services based on the activities that drive costs, rather than on traditional volume measures such as machine hours or labor costs.
Supporting Assembly
The process or area where components are prepared, assembled, or added to other parts to contribute to the final product in a manufacturing setting.
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