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Regarding the use of time management,which of the following statements is FALSE?
Allocation Base A
An allocation base is a measure or quantity, such as machine hours or labor costs, used to assign indirect costs to different products or services.
Allocation Base B
A criterion or standard used to distribute overhead costs among various cost objects.
Step-down Method
A cost allocation method used in accounting to distribute overhead costs to various cost objects based on a hierarchical sequence of allocation bases.
Custodial Services
These are services related to the maintenance and cleaning of buildings and facilities.
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