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Traditional Costing
Traditional costing is an accounting method that allocates manufacturing overhead based on volume-related measures, such as direct labor hours or machine hours.
Production Orders
Instructions for manufacturing a certain number of products, detailing the materials, components, and assembly or production processes required.
Activity-Based Costing
A costing method that assigns overhead and indirect costs to specific activities based on their use or consumption.
Activity-Based Costing
A method of costing that identifies specific activities within an organization and assigns costs to those activities based on their use of resources.
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