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Activity-Based Costing
A costing technique that assigns costs to products or services based on the activities and resources that contribute to the production or delivery.
Activity Rate
In cost accounting, it refers to the cost driver rate used in activity-based costing to allocate overhead costs to products or services based on their consumption of activities.
General Factory
Typically refers to a manufacturing site where various goods are produced through a combination of human labor, machines, and processes.
Activity Cost Pool
A collection of all costs associated with a specific activity or process, used in activity-based costing to allocate indirect costs to products or services.
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