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Step-down Method
An accounting method used for allocating indirect costs to different departments based on a hierarchy where the first allocation base is the costliest department.
Personnel Department
The division of a business that is focused on activities relating to employees, such as hiring, training, and benefits administration.
Number Of Employees
The total count of individuals employed by a business or organization at a specific point in time.
Step-down Method
A method used in accounting to allocate service department costs to production departments in stages.
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