Write the Word or Phrase That Best Completes Each Statement

question 17

Short Answer

Write the word or phrase that best completes each statement or answers the question.
Provide the missing information.
- $$\text { For a } 2 \times 2 \text { matrix } A = \left[ \begin{array} { l l } a & b \\c & d\end{array} \right] , | A | = \left| \begin{array} { l l } a & b \\c & d\end{array} \right| =$$ ــــــــــــــــــــــ

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Definitions:

Activity-Based Costing

A costing method that assigns costs to products and services based on the activities and resources that go into producing them, aiming for more accurate product costing.

Activity Rate

A rate that is used to apply costs in activity-based costing, linking the cost of business activities to the products or services that require these activities.

Batch Setup

The process and associated costs of preparing equipment and facilities for a specific batch of production, often involving setup time and expenses.

Activity-Based Costing

Activity-based costing is a method of accounting for costs that allocates overhead and indirect costs to specific activities, making the costs of those activities more transparent.