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The Pursuit of an Activity for an Outcome That Is

question 177

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The pursuit of an activity for an outcome that is separate from the person is called __________.


Definitions:

Cost Accounting Systems

Systems implemented by businesses to track, record, and analyze costs associated with the products they produce and sell.

Job Order Costing

A cost accounting method used to track the costs associated with a specific job or order, capturing direct labor, direct materials, and applied overhead.

Process Costing

A method of costing used mainly in manufacturing where costs are assigned to batches of products rather than individual items.

Job Cost Sheets

Records that detail the materials, labor, and overhead costs associated with a specific job.

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