Examlex
Simplify and collect like terms:
ABC
Activity-Based Costing; a method of assigning overhead and indirect costs to specific products or projects based on their use of activities.
Activity
Any action or operation within a business that incurs costs or generates revenues.
Plantwide Overhead Rate
An overhead allocation rate that applies uniformly across an entire manufacturing plant, instead of being divided by department or activity.
Machine Hours
A measure of the amount of time a machine is operated within a given period.
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