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Resource Consumption
The use of resources, such as time, materials, and labor, in the production of goods or the provision of services.
Overhead Costs
Indirect costs incurred during the production process or in the performance of services, not directly tied to a specific product or service.
Activity Cost Pools
Groupings of individual costs, typically by department or activity, used in activity-based costing to allocate costs to products or services.
Time-Driven
A method or approach that relies on time as the main factor to drive processes, activities, or costing.
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