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Rank the claims in the following set from general to least vague.
When Louis returned from his trip, he told me
a. that the airline had lost his bags twice.
b. that it had been a nightmare.
c. that all the clothes except those on his back spent the weekend in Miami and Cleveland while he was in New Orleans and Detroit.
d. that he had to wear the same clothes for three straight days because of airline foul-ups with his luggage.
Activity Rate
A predetermined overhead rate in activity-based costing. Each activity cost pool has its own activity rate which is used to apply overhead to products and services.
Estimated Overhead
Projected costs for running a business that does not directly tie to specific product manufacturing, such as rent, utilities, and management salaries.
Direct Labour-Hours
The total hours of work directly contributed by labor to the production of goods.
Traditional Costing System
A costing methodology that allocates overhead costs to products based on a predetermined overhead rate, often using a single cost driver.
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