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Job Order Costing
An accounting methodology used to track costs and revenues for individual jobs or orders, making it possible to report profitability per job.
Cost Accounting System
A method of accounting that tracks, records, and analyzes costs associated with the production of goods and services.
Raw Materials
Raw materials are the basic, unprocessed inputs used in the manufacturing of products or goods, essential to production processes.
Direct Labor Costs
Expenses directly associated with the production of goods or services, including wages of employees directly producing a product.
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