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Activity-based Costing
A method of accounting that assigns costs to specific activities based on their use of resources, providing more accurate product costing.
Factory Overhead
Indirect costs associated with manufacturing, such as maintenance, utilities, and salaries, not directly tied to production output.
Selling Prices
The cost at which a service or product is made available to purchasers.
Activity-based Costing
A strategy for attributing overhead and indirect costs to specific products and services, guided by the activities those offerings demand.
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