Question: Describe four (4) differences between Job Order Cost System and Process Cost System Job Order Cost system Feature Process Cost System One work in process

Describe four (4) differences between Job Order Cost System and Process Cost System

Job Order Cost system

Feature

Process Cost System

One work in process account

Work in process accounts

Multiple work in process account

Job cost sheets

Documents used

Production cost reports

Each job

Determination of total manufacturing costs

each period

Cost of each job / Units produced for the job

Unit- cost computations

Total manufacturing cost/units produced during the period

Industry which is likely to use

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