Examlex
Money as a means of payment refers to:
Overhead Allocation
The process of spreading overhead costs across different departments or products based on a predetermined criteria.
Activity-Based Costing
This is a pricing technique which tags and assigns the expenses of each activity within a company to its various products and services, based on their specific consumption levels.
Overhead Cost
All ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and salaries of non-production employees.
Activity Cost Pools
Collections of all the costs associated with a particular business activity, facilitating more precise allocation of overheads.
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