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Information technology (IT) has been able to create additional value by
Activity-based Costing System
An accounting method that assigns costs to products and services based on the activities and resources that go into creating them, providing more precise costing information.
Making Patterns
The process of creating templates or models to be used in manufacturing or craft projects, ensuring consistency and precision in production.
Product Diversity
Refers to the range of different products or services offered by a company, indicating the variety in a company's offerings.
Direct Labour
The workforce engaged directly in the manufacturing process, whose labor costs can be directly attributed to specific products.
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