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Cost Pool
A grouping of individual costs typically associated with manufacturing processes, designed to simplify the allocation of overheads to products or services.
Plantwide Overhead Rate
A single overhead absorption rate used throughout a manufacturing plant or facility to allocate indirect costs to products.
Gathering Information
The process of collecting data and insights relevant to a specific topic or question, often an initial step in decision-making or research.
Multiple Cost Pools
An accounting method that separates costs into different categories or pools, to more accurately assign indirect costs to products or services.
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