Examlex
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Activity-Based Costing
A costing methodology that assigns costs to products or services based on the activities and resources required to produce or deliver them.
Activity Cost Pools
A technique in managerial accounting where costs are aggregated based upon the activities that generate those costs, to assign costs more accurately.
Machine-Hours
A measure of production activity that quantifies the amount of time machinery is used to manufacture products during a specific period.
Batches
Quantities or groups of goods produced or processed at the same time in manufacturing.
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