Chapter 4 - Full Student Version

Job order costing is used when many different jobs

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Unformatted text preview: period. costing systems accumulated costs by individual jobs. 3. Process costing systems use department production reports to accumulate costs. Job-order costing systems use job cost sheets to accumulate costs. The flow of costs through the manufacturing accounts is basically the same in both systems. 4. Process costing systems compute unit costs by department. Job- order costing systems compute unit costs by job on the job cost sheet. LO 1 LO 1...
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