Examlex
Katrina entered into a contract to purchase a computer system from Stacey Systems after a call from Stacey System's sales representative who mistakenly informed Katrina that she would receive a 40 percent discount. When Katrina is billed for the full amount, her only recourse is to pay the bill and bring an action against Stacey Systems and the sales representative for the difference.
Factory Overhead
Indirect manufacturing costs that cannot be directly attributed to specific units produced, such as utility costs, maintenance, and salaries of non-direct labor.
Activity-based Costing
A costing methodology that assigns costs to products or services based on the activities that go into making them, aiming to provide more accurate product costs.
Service Quality
The evaluation of how well a delivered service matches the customer's expectations, often a key factor in customer satisfaction and loyalty.
Factory Overhead
All manufacturing costs that are not directly associated with specific product units, including maintenance, utilities, and equipment depreciation.
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