ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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OBJECT COST Definition

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OBJECT COST is the total cost of producing an item: direct cost (labor & material) + overhead cost = Total Object Cost.

 

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CHIPS is Clearing House Interbank Payment System. A computerized payment system for clearing checks in New York.

SIGN-OFF is approval or agreement, e.g. to sign-off on a purchase contract.


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