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Julia Goodpaster
on Nov 12, 2024

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Activity-based costing is determined by charging products for only the services
(activities) they used during production.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities that go into their production rather than on a simple allocation basis.

Charging Products

The process of setting a price for a product or service, often seen in context with digital or electrical items but broadly applicable.

  • Comprehend the fundamentals of activity-based costing and its superiority compared to conventional costing methodologies.
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Brooke RusakNov 17, 2024
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