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__________ law governs relations between individuals and defines their legal rights.
Job Order Cost Information
Details about the costs incurred for specific jobs or orders, including materials, labor, and overhead, used in job-order costing systems.
Actual Cost
The actual expense incurred in the production of goods or services, including all costs of raw materials, labor, and overhead.
Expected Costs
Estimated costs based on historical data, forecasts, or industry averages, used for budgeting and planning purposes.
Job Order Cost System
An accounting system that accumulates costs by individual jobs when each has distinguishable specifications, costs, and production processes.
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