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What system is comprised of the Sun, planets, their moons, and other bodies that orbit the Sun?
Cost Accounting Systems
Methods and procedures used to measure, record, and report product costs.
Process Cost
A method of costing that is used to determine the cost of producing products in continuous processes or operations.
Job Order Cost
A cost accounting system that accumulates costs according to specific jobs or orders, tracking the expenses related to individual products or projects.
Job Order Cost Systems
An accounting system used to assign costs to specific customer orders or batches, tracking the direct materials, direct labor, and overhead costs incurred for each.
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