Examlex
What is the account that is debited when the liability is initially capitalized for an asset retirement obligation to dismantle an ocean oil rig?
Activity-based Costing
A costing methodology that assigns overhead and indirect costs to specific activities, helping to more accurately determine the cost of products or services.
Customer Margin
The profit margin attributed to a particular customer, calculated by subtracting the costs associated with serving that customer from the revenue generated.
Activity-based Costing
Activity-based costing is a more precise method of product costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.
Idle Capacity
The portion of a company's resources or production capability that is not currently being utilized to its full potential.
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