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Overhead Costs
Indirect costs not directly traceable to a specific product or service, including utilities, rent, and managerial salaries.
Activity Rate
An activity rate is the cost driver rate used in activity-based costing to allocate overhead costs to products or services.
Activity-based Costing
An accounting method that assigns costs to products or services based on the activities and resources that go into their production, providing more accurate cost information.
Resource Consumption
The use of resources (such as raw materials, energy, or labor) by a process, project, or activity, typically measured to manage efficiency and costs.
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