How are the flow of costs different in a Process costing system as compared to a Job-Order costing system? As part of this explanation it may be helpful to also explain what types of production processes would most likely use a Process costing system and which might use a Job-Order costing system?

2. Explain the concept of Equivalent Units used in a Process costing system.

Answer rating: 100% (QA)

1 Flow of Costs in Process Costing vs JobOrder Costing Process Costing System In a process costing system costs are accumulated and allocated to production processes or departments The flow of costs i... View the full answer