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The ________ Is a Nonhierarchical Method in Which a Cluster

question 21

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The ________ is a nonhierarchical method in which a cluster center is selected and all objects within a pre-specified threshold value from the center are grouped together.


Definitions:

Single Plantwide Rate

An overhead absorption rate that applies the same overhead costs to all products or services regardless of the actual overhead each consumes.

Multiple Production Department Rates

The use of different overhead application rates for various departments within a manufacturing facility to more accurately assign costs.

Activity-Based Costing

A costing method that assigns costs to products and services based on the resources they consume.

Activity-Based Costing

A costing methodology that assigns costs to products and services based on the activities required to produce them.

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