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Activity Cost Pools
Groups of costs associated with particular activities, used in activity-based costing to allocate costs more precisely.
Activity-based Costing
An accounting method that assigns costs to products based on the activities performed in producing that product, providing more accurate product costing.
Second-stage Allocation
In cost accounting, this is the process of allocating service department costs to producing departments based on relevant measures.
Activity-based Costing
A costing method that assigns overhead and indirect costs to specific products or projects based on their use of activities, leading to more accurate product costing.
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