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Process Cost System
An accounting system used to track and allocate costs of production by processes or departments, commonly used in industries where goods are produced in a continuous process.
Advertising Company
A business specializing in creating, planning, and handling advertising and sometimes other forms of promotion for its clients.
Chemical Company
A business entity that specifically focuses on the manufacturing, research, and sale of chemicals and chemical-based products.
ABC Philosophy
Stands for Activity-Based Costing, a philosophy that allocates overhead and indirect costs to specific activities, leading to more accurate product or service costing.
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