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Which of the Following Statements Is Not True About OTT

question 42

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Which of the following statements is not true about OTT?


Definitions:

Overhead Costs

Indirect costs not directly tied to a specific job, product, or service but necessary for the business operations.

Process Involved

The series of actions or steps taken in order to achieve a particular end, typically in the context of manufacturing or business operations.

Activity-based Costing

A method of cost accounting that identifies specific activities related to the production of goods and services, assigning costs based on actual consumption of resources.

Volume-based Measures

Metrics or indicators that are calculated based on the quantity or volume of items produced, sold, or used, such as units sold or hours worked.

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