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1. Job order manufacturing and process manufacturing are twomajor costing systems used in manufacturing. Answer the followingquestions regarding these two systems:

Compare and contrast the two costing systems.

Which costing system should a service firm, such as anadvertising agency use?

How do these two systems provide decision-makinginformation?

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Nestor Rutherford
Nestor RutherfordLv2
28 Sep 2019

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Related questions

In 4-6 sentences, compare and contrast a process costing system and a job order costing system. In other words, provide both similarities and differences between the two costing systems.

Process Cost Accounting & Cost-Volume-Profit Analysis

This module focuses on measuring costs in process production companies. We explain process production, describe how to assign costs to processes, and compute and analyze cost per equivalent unit. Discuss two of the three topics:

What is meant by equivalent units of production, and why are they important when a process costing system is used?

What are the four steps in accounting for production activity in a period?

Job order costing and process costing are two major costing systems used in manufacturing. Briefly contrast the characteristics of these two systems.

Which of the following statements is correct regarding job order and process costing systems?

A : Cost of goods sold is not used in a job-order cost system.

B : A process cost accounting system is appropriate for unique products that are produced in batches or jobs.

C : A job-order cost system and a process cost system are two alternative methods for valuing inventories.

D : A job-order cost system is most appropriate when a large volume of uniform products are produced.

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