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Indirect Costs Allocated to Products Using Activity-Based Costing Are More

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Indirect costs allocated to products using activity-based costing are more accurate than traditional allocation systems.

Recognize the principles and benefits of just-in-time (JIT) systems in inventory management.
Compute and understand the significance of economic order quantity (EOQ) for inventory management.
Understand the pull method of production and its impact on reducing inventory costs.
Identify customer costs and how they impact market levels.

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