Examlex
Which of these statements about science is incorrect ?
Units
Generally refers to the quantitative measure of output or production in business operations.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to individual products based on a certain activity base, such as labor hours or machine hours.
Activity-based Costing
A costing methodology that assigns overhead and indirect costs to specific activities, thereby providing more accurate product costing.
Traditional Cost System
A cost accounting system that assigns costs to products based on direct labor hours, direct materials, and manufacturing overhead, without differentiating between variable and fixed costs.
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