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In 1978,a drought on the Galapagos Islands caused a reduction in the production of seeds that one of Darwin's finches,a kind of bird,fed upon.This caused a decrease from 1,400 to 200 birds.This population change factor
ABC System
Refers to Activity-Based Costing System, a method of assigning costs to products or services based on the resources they consume.
Activity Cost Pools
Pools of indirect costs in accounting, classified according to the activities that drive those costs.
Traditional Costing Systems
A method of accounting that allocates overhead costs based on a predetermined rate, often not capturing the actual costs of production accurately.
Manufacturing Costs
The expenses involved in the production of goods, including labor, raw materials, and overhead.
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