Examlex
This hard-line approach developed by a labor relations manager at GE meant to circumvent the union was found to be an unfair labor practice:
Activity-Based Costing
An accounting technique that distributes indirect and overhead costs to distinct activities, offering a more accurate determination of product costs.
Total Cost
Represents the sum of all costs incurred in the production of goods or the provision of services.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, excluding direct materials and direct labor.
Activity-Based Costing
An approach to costing that recognizes activities within an organization and distributes their costs across all products and services according to the real consumption of each.
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