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Supply is a relationship between:
Future Decisions
Choices or judgements that will be made in an upcoming period, often based on past and present information and forecasts.
Overhead Allocation
The process of spreading out fixed costs, such as salaries and utilities, across different departments or production activities within a company.
Product Cost Distortion
The inaccurate allocation of production costs to products, potentially leading to misleading cost information and pricing decisions.
Variable Cost Concept
The principle that costs vary in proportion to the level of production or business activity.
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