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Activity-Based Costing
A costing methodology that allocates overhead costs to specific products or services based on their consumption of resources or activities.
Factory Overhead Cost
Costs associated with manufacturing operations that cannot be directly traced to specific products, including expenses like utilities and maintenance for production facilities.
Activity Allocations
This refers to the process of assigning costs to specific cost objects based on their use of activities, often used in management accounting for better cost control.
Single Plantwide Factory Overhead Rate
A costing method where a single overhead rate is applied to all units produced, regardless of the department in which they were manufactured.
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