112) The techniques used to determine the cost of a product or service by collecting and classifying costs and assigning them to cost objectives.

113) A system that first accumulates overhead costs for each of the activities of an organization, and then assigns the costs of activities to the products, services, or other cost objects that caused that activity.

114) A unit within an organization responsible for producing the products or services that are sold to customers.

115) A unit within an organization that provides essential support services for producing departments.

116) A method that simultaneously allocates service costs to all user departments.  It gives full consideration to interactions among support departments.

117) A method of allocating support department costs that gives partial consideration to interactions among support departments.

118) A method of allocating service costs that ignores any interactions that may exist among support departments.

119) Identifies how management’s decisions affect costs, by first measuring the resources used in performing the organization’s activities and then assessing the effects on costs of changes in those activities.

120) The time from initiating production to delivering the goods to the customer.

121) A system in which an organization purchases materials and parts and produces components just when they are needed in the production process.



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