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Step-down Method
A cost allocation method used in managerial accounting to distribute overhead costs to various cost objects, considering the support departments provide to each other.
General Management
The executive and organizational activities involved in directing a company or one of its departments, focusing on strategy, policy development, and achieving business objectives.
Physical Plant
Refers to the physical facilities of a business, including buildings and equipment.
Step-down Method
An allocation method used in cost accounting to distribute overhead costs to various cost centers and products in stages based on their usage of services.
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