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Purchase Orders
Written authorization for a supplier to deliver a specified quantity of goods at a stated price.
Batch-Level Activity
Batch-level activity pertains to the costs and operations associated with processing groups of units or products together rather than individually.
Activity-Based Costing
A costing methodology that assigns overhead and indirect costs to specific activities, providing more accurate product costing.
Estimated Overhead Cost
The projected costs of indirect materials, labor, and other expenses that are necessary for production but cannot be directly associated with specific product units.
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