ACCOUNT-CLASSIFICATION METHOD Definition

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ACCOUNT-CLASSIFICATION METHOD, also called account analysis, is a cost estimation method that requires a study of an account in the general ledger. The experienced analysts use the account information as well as their own judgment to determine how costs will behave in the future.

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FACTORY OVERHEAD is the costs of operating a factory which cannot be assigned directly to a specific department or product.

KRONE (KRONEN) is a currency of Austria, Bohemia, and Romania.

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