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Why Is Activity-Based-Costing Used? What Is an Activity? Give an Example

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Why is activity-based-costing used? What is an activity? Give an example of an activity.


Definitions:

Volume

The amount of space that a substance or object occupies, or that is enclosed within a container, typically measured in cubic units.

Brightness

The perception of how light or vivid a color appears; can also refer to the luminance or intensity of light.

Color Vision

The ability of organisms to distinguish objects based on the wavelengths of the light they reflect, emit, or transmit.

Trichromatic Theory

A theory of color vision proposing that the eye perceives color through the relative rates of response by three types of cone cells, each sensitive to different wavelengths of light.

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