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What are the main components of direct democracy? Describe how each one functions.
Activity-Based Costing System
An accounting method that assigns costs to products or services based on the activities required to produce them, providing more accurate product costing.
Machine Setups
The process of preparing machinery or equipment for a specific task or production run, including adjustments and configurations.
Activity Cost Pool
A grouping of all costs associated with a particular activity, used in activity-based costing to allocate costs accurately to products or services.
Total Overhead Applied
The total amount of overhead costs allocated to products or services during a specific period, based on the predetermined overhead rate.
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