ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BLENDED COSTS Definition
BLENDED COSTS is the cost of pre-set multiple items or processes that result in more than one end result or product. In a sense it is a form of cost averaging rather than stand-alone costing of one given product or identified process.
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VALUE CREATION is performing activities that increase the value of goods or services to consumers.
STABLE MONETARY UNIT CONCEPT allows accountants to ignore the effect of inflation in the accounting records.