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Graph the equation.
Factory Overhead Account
An accounting category that accumulates all manufacturing costs that are not directly tied to a specific product or production job.
Cost Accounting Systems
Systems used by businesses to track, record, and analyze costs associated with their operations to aid in budgeting, cost control, and profitability analysis.
Job Order Costing
An accounting method used to track the costs associated with producing a specific item or completing a specific job.
Process Costing
A rephrased definition: An accounting methodology employed to evaluate the cost of producing products that undergo similar processes in large quantities.
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