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What are the important sectors of Australia's economy?
Job Order Cost System
An accounting system that accumulates costs for each uniquely identified job or batch, useful for customized orders.
Process Cost System
A method in accounting for assigning costs to like products, which are produced en masse and in a continual manner.
Computer Chips
Small semiconductor devices made of silicon or other materials that contain integrated circuits used in the manufacturing of electronic devices.
Process Costing
A costing method used where similar products are produced in a continuous process, assigning average costs to each unit.
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