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Which of the following is NOT an appraisal method that uses relative standards?
Inspected
refers to the examination or assessment of a product, process, or system to ensure it meets specified criteria, standards, or regulations.
Factory Depreciation
The decrease in value of factory-related assets, such as buildings and machinery, over time due to wear and tear.
Factory Overhead
Indirect manufacturing costs that are not directly tied to the production process, such as maintenance, utilities, and salaries of the manufacturing supervisors.
Job Order Cost System
An accounting method that tracks costs specifically associated with a job or project.
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