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Activity-Based Costing
A costing methodology that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.
Assembly Activity Cost Pool
A grouping of all costs related to the assembly process in activity-based costing, used to allocate costs to products or services.
Labor-Hour
A measure of work accomplished, recorded, or billed based on the number of hours worked.
Activity-Based Costing
A method of allocating overhead and indirect costs to products or services based on the activities that drive those costs.
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