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Activity Cost Pools
Groupings of individual costs, determined by the activities they support, used in activity-based costing to allocate costs more accurately.
Factory Overhead Rates
The method used to allocate all indirect manufacturing costs to products, based on a predetermined rate.
Products
Goods or services offered by a business to satisfy customer needs or wants.
Service Companies
Businesses that provide intangible products or services rather than physical goods.
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