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To reduce process flow time, you might try which of the following actions?
Cost of Goods Sold
The total direct costs attributable to the production of the goods sold by a company, including material and labor costs.
Activity Rate
A measure used in cost accounting to allocate costs to products or services based on the activities required to produce them.
Estimated Cost
An approximation of the cost to produce goods or services, used for budgeting and planning.
Activity-Based Costing
A costing method that assigns overhead and indirect costs to related products and services based on their usage of the resources.
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