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There are two types of genetic drift. Describe and give an example of the bottleneck effect.
Activity-Based Costing
An accounting method that assigns costs to products based on the activities they require, such as ordering materials or setting up machinery.
Product Costs
Encompasses all costs incurred to create a product, including direct materials, direct labor, and manufacturing overhead.
Direct Labor
The expenses related to the salaries of workers who are actively engaged in creating products or providing services.
Direct Materials
Raw materials that are directly involved in the production of a product and can be easily traced to it.
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