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Manufacturing Overhead
All manufacturing costs that cannot be directly traced to individual units produced, such as electricity, maintenance, and factory management salaries.
Activity-Based Costing
A method of accounting that assigns costs to products or services based on the activities required to produce them, aimed at providing more accurate costs.
Overhead Cost
The ongoing expenses of operating a business that are not directly attributable to a specific product or service, including rent, utilities, and administrative expenses.
Product Costs
The total costs incurred to produce a product, including direct materials, direct labor, and manufacturing overhead.
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