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Process Cost System
An accounting system that accumulates manufacturing costs and then assigns them to a large number of identical or similar units of output, common in continuous manufacturing environments.
Job Order Cost System
An accounting system that accumulates costs for each individual job or batch of goods, tracking direct labor, direct materials, and overhead.
Process Cost Systems
An accounting system used to apply costs to similar products that are mass-produced in a continuous fashion, assigning costs to units of product based on the processes they go through.
Specialized Machine
Machinery designed to perform a specific task or function in a manufacturing or production process.
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