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Unformatted text preview: costing A hybrid costing system often used in manufacturing goods that have some common characteristics plus some individual characteristics. Predetermined overhead rate Represents the cost per unit of the allocation base used to charge manufacturing overhead to products and is calculated from the budgeted data. Process costing An accounting system used when identical units are produced through a series of uniform production steps. Two-stage cost allocation The process of first allocating costs to intermediate cost pools and then to the individual cost objects using different allocation bases....
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- Spring '11
- uniform production steps, different allocation bases, individual cost objects