(a) Describe the distinguishing characteristics of production systems where: (i) job costing techniques would be used, and...

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(a) Describe the distinguishing characteristics of production systems where:
(i) job costing techniques would be used, and (ii) process costing techniques would be used.

(b) Job costing produces more accurate product costs than process costing. Critically examine the above statement by contrasting the information requirements, procedures and problems associated with each costing method.

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