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Step-Down Method
A cost allocation method used in cost accounting to distribute overhead costs to various cost objects based on a hierarchy.
Service Department
A division within a company that provides supportive services to other internal departments or production units.
Cafeteria
A type of food service location within an institution where there is a selection of different meals available, generally serving food in a self-service manner.
Service Department
A division within a company that performs support functions, aiding the production or sales departments but not generating revenue directly.
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