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Activity Pool
A concept in cost accounting used to gather all costs associated with a certain activity, facilitating more accurate cost allocation.
Activity-based Costing Method
A costing method that assigns costs to products or services based on the activities they require, aiming for more accurate allocation of overheads.
Cost Object(s)
Any item, activity, or project for which separate measurement of costs is desired, facilitating targeted expense management and financial efficiency.
Indirect Labor
This term describes labor costs not directly associated with the production of goods or services, such as maintenance and supervisory personnel.
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