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Which of the following statements is false?
Departmental Overhead Rates
The method for allocating overhead costs to specific departments based on departmental activities and cost drivers.
Activity-based Costing
A costing method that identifies the activities that a firm performs and then assigns indirect costs to products based on each product's use of those activities.
Activity Cost Pools
Groupings of individual costs related to a particular activity, used in activity-based costing to allocate costs more accurately.
Direct Labor-hours
The overall hours that workers, who are a part of the manufacturing operations, put in.
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