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According to May,the essential unity of the person and environment is called
Predetermined Overhead Rates
A rate used to allocate indirect costs to products or projects, calculated at the beginning of an accounting period based on estimated overheads and activity levels.
Activity-based Costing
An accounting method that assigns costs to products or services based on the activities that go into producing them, promoting detailed cost management.
Manufacturing Overhead
Manufacturing overhead includes indirect costs associated with manufacturing, such as maintenance, utilities, and quality control, not directly tied to specific units of production.
Activity Cost Pools
Groups of related costs that are allocated to specific activities using cost drivers in activity-based costing systems.
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