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Instructions: Identify the following terms.
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Activity Costs
Expenses associated with specific business activities, often analyzed in activity-based costing to determine product or service profitability.
Total Activity Cost
The complete cost associated with a specific business activity, encompassing both direct and indirect expenses.
Activity Costs
Expenses tied to specific activities, such as production or research and development, often used in activity-based costing.
Prevention Cost
Expenses incurred to avoid defects in products or services, including costs associated with quality planning, training, and process control.
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