A System That First Accumulates Overhead Costs for Each of the Activities

question 115

Short Answer

A system that first accumulates overhead costs for each of the activities of an organization, and then assigns the costs of activities to the products, services, or other cost objects that caused that activity.

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Definitions:

Military

The armed forces of a country, responsible for defending it from external threats and ensuring internal security, often involving significant personnel and technology.

Capital Stock

The total value of all durable goods available for use in production, including machinery, buildings, and equipment.

Increase

A situation where there is a rise in quantity, size, number, value, or intensity of a particular economic variable or element.

Sub-Prime Loan

A type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans, usually because of poor credit histories.