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Activity-Based Costing System
A costing method that assigns costs to products or services based on the resources they consume and the activities they require.
Activity Cost Pools
A grouping of all the costs related to performing a specific activity, used in activity-based costing to allocate costs more precisely.
Overhead Cost Per Unit
The amount of overhead expense allocated to each unit of production.
Machine Setups
The configuration and preparations of machines before commencing the manufacturing of a different product or batch.
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