_______ costing is a cost allocation method that involves the _______ of all production costs, including both _______ and _______ costs, to specific _______ or _______. This method is particularly useful in industries where products have a wide range of _______ and different levels of _______ are required. In _______ costing, overhead costs are allocated based on a predetermined _______ rate, often calculated as a percentage of _______ costs. This method is straightforward and less complex compared to _______ costing, making it a suitable choice for businesses with relatively _______ production processes. However, _______ costing may not provide the same level of accuracy when it comes to reflecting actual _______ consumption and production complexities.