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Unformatted text preview: are different from those in the text Job costing is the process of dealing with the cost determination of jobs or orders. Job costing is better suitable for production environments, where the next order can be different from the previous order. Examples of where job costing is used are: an automobile repair shop, where different parts are needed for different vehicles; and a company that produces custom shoes. Process costing is used to ascertain the cost per unit of product in an environment where the identical product is produced for all customers. Process costing is better suited for environments where the identical product is to be produced, for example an automobile assembly line. Another example of where process costing can be used is in a company that produces breakfast cereal (say Cheerios)....
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This note was uploaded on 10/10/2010 for the course ACC ACC 349 taught by Professor Costaccting during the Spring '10 term at DeVry Irvine.
- Spring '10