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What is the sum of squares total?
Variable Costs
Costs that vary directly with the level of production or sales, such as materials and labor directly involved in manufacturing.
Allocated Fixed Costs
Fixed costs that are distributed across different departments or products based on predetermined criteria or cost drivers.
Cost Driver
An activity or factor that incurs costs based on its level of usage or volume, playing a critical role in activity-based costing.
Allocated Equally
The process of distributing resources, costs, or assets in equal portions among recipients or activities.
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