Examlex
Match each statement with the correct term below.
-strict scrutiny
Activity-Based Costing System
An accounting method that assigns costs to products based on the activities they require for production.
Batch-Level Costs
Costs that are incurred for every batch produced, regardless of the size of the batch, such as setup costs or inspection costs.
Product-Level Costs
Expenses directly tied to specific products, including costs for materials and labor required to produce these products, as well as costs associated with specific product designs or customized orders.
Traditional Costing System
An accounting method that allocates overhead costs to products based on a predetermined overhead rate.
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