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Refer to the figure shown. Which label is not appropriate for the y-axis of the figure?
Cost System
A method or set of procedures used by organizations to track, record, and analyze costs associated with their operations.
Cost System
A method used to allocate costs to products, services, or projects in order to assess financial performance and profitability.
Process Inventory
Inventory that includes all the direct costs and manufacturing overhead involved in the production process until the goods are finished.
Processing Department
A specialized division within a manufacturing or processing company where raw materials are transformed into finished goods.
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