Examlex
________ describes quality management as a trilogy that consists of quality planning,quality control,and quality improvement.
Product Cost
The total expenses incurred to produce and prepare a product for sale, including materials, labor, and overhead.
Activity-Based Costing
An accounting method that assigns costs to products or services based on the activities they require, improving accuracy in assigning costs.
Overhead Cost Allocation
The process of spreading out indirect costs (overheads) to different departments or products within a company, aimed at determining true costs of products or services.
Activity-Based Costing
A method of accounting where costs are assigned based on the activities and processes that contribute to the production of a product or service.
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