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Activity-based Costing
An approach to costing that focuses on activities as the fundamental cost drivers, and assigns costs to products and services based on their consumption of these activities.
Manufacturing Overhead Costs
Costs in the manufacturing process that are not directly attributable to the specific product, including equipment maintenance and factory supervision.
Quality Improvement Process
Continuous efforts to enhance product quality, process efficiencies, or customer satisfaction.
Total Quality Costs
The cumulative cost of all efforts to achieve product or service quality, including prevention, appraisal, and failure costs.
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