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Plantwide Overhead Rate Method
A method of allocating manufacturing overhead costs to products based on a single, plant-wide rate, often using direct labor hours or machine hours as the allocation base.
Cost Objects
Any item for which a separate measurement of costs is desired; examples include a product, a service, a project, or a customer.
ABC
Can refer to Activity-Based Costing, a method of assigning costs to products or services based on the resources they consume.
Activities
In a business context, activities refer to the various tasks, operations or functions performed within the organization to achieve its objectives.
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