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Unit Product Cost
The total expense incurred in creating a product, divided by the number of units produced.
Allocation Bases
Criteria or variables used as a foundation to distribute or assign costs among different cost objects in a fair and systematic manner.
Overhead Resources
Resources used in the day-to-day operations of a business that are not directly tied to a specific product or service, such as utilities and rent.
Plantwide Overhead Rate
An overhead rate applied uniformly across an entire plant or company, calculated without regard to individual departments or products.
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