Accounting has its own vocabulary and basic relationships. Match the following accounting terms with the corresponding definition or meaning.
Definitions:
Unused Capacity
Refers to the part of a company's production capability that is not currently being used for production. It indicates resources that are currently idle and not generating revenue.
Activity-Based Costing
An accounting method that assigns overhead and indirect costs to related products and services based on the activities that generate costs.
Activity Cost Pools
Accumulations of costs categorized by activity (such as ordering materials or setting up machines), used in activity-based costing to allocate costs more accurately.
Resource Consumption
The amount of resources used by an organization or process, often analyzed for efficiency improvements or environmental impact.
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