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Overhead Costs
Expenses related to the operation of a business that cannot be directly linked to a specific product or service, such as utilities and administration salaries.
Indirect Labor
Labor costs not directly associated with the manufacture of products or performance of services, such as maintenance and supervision.
Activity Rate
A rate that determines the cost driver of a particular activity, used in activity-based costing to allocate costs to products or services.
Supervising
The act of overseeing and managing employees or processes to ensure that tasks are completed efficiently and effectively.
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