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Total Activity Cost
The complete cost associated with a specific business activity, encompassing both direct and indirect expenses.
Activity Costs
Expenses tied to specific activities, such as production or research and development, often used in activity-based costing.
Prevention Cost
Expenses incurred to avoid defects in products or services, including costs associated with quality planning, training, and process control.
Finished Products
Goods that have completed the manufacturing process and are ready for sale to customers.
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