Examlex
What are two characteristics of the common law? Explain their significance to the legal system.
ABC System
Activity-Based Costing; a method of assigning overhead and indirect costs to specific products or projects, based on their usage of activities.
Single-Base Allocation
A cost allocation method where overhead costs are distributed based on a single criterion or cost driver.
Cost Difference
The variance between the actual cost and the standard or expected cost of an item or activity.
ABC System
Activity-Based Costing System, a method of assigning overhead and indirect costs to specific products and services based on their consumption of resources.
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