Examlex
Match each term with the correct definition.
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Cost Driver
A factor that causes a change in the cost of an activity or a product, such as production volume or labor hours.
Activity-based Costing
A methodology that assigns production costs to products based on the activities required to produce them, aiming for more accurate cost allocation.
Volume-based
A pricing or costing method that changes based on the amount of goods or services produced or sold.
Non-volume-based
Refers to costing methods that allocate costs based on factors other than the volume of production, such as time or complexity.
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