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Plantwide Overhead Rate
A single, uniform overhead absorption rate used throughout a manufacturing plant or facility.
Allocation Base
A criterion or standard used to distribute costs among different cost objects, often used in the process of overhead allocation.
Single Cost Pool
A simplified accounting method that aggregates all costs into one category.
Activity-based Costing
An accounting method that assigns costs to products or services based on the activities and resources that go into producing them, providing precise cost information.
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