What is the difference between operations costing and a process costing system

What is the difference between operations costing and a process costing system

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What is the difference between operations costing and a process costing system? How  does a company decide whether to use a job order or a process cost system? Operating costing and Process costing are two common methods for determining unit product costs. Job  order costing is used in situations where many different products are produced each period. .Process  costing is used in companies that produce many units of a single product for long periods.                  Process costing systems accumulate costs in a particular operation or department for an entire  period and then divide this total cost by the number of units produced during  the period. The basic  formula for process costing is;                  Unit product cost= Total manufacturing cost/Total units produced.
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What is the difference between operations costing and a process costing system

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