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Software that allows different levels of security per user is known as access-control software.
Process Cost System
An accounting system used to track costs in industries where production is continuous and processes are uniform, assigning costs to units of output.
Equivalent Units
A concept used in cost accounting to convert partially completed goods into a number of complete units of output.
Production Cost Report
A document that outlines the total cost and production data for a specific period, typically used in process costing systems.
Equivalent Units
A standardization method used in cost accounting to express production activity of various products in terms of a single, common 'equivalent unit'.
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