Question: What are the important differences between job order and process costing systems? 1. Job order costing system is used when when products or services are

What are the important differences between job order and process costing systems?

  • 1. Job order costing system is used when when products or services are characterized by customization to meet the customers specifications

  • 2. Process costing system is used when large volumes of identical products are manufactured in a continuous-flow operation.

  • 3. The techniques for determining unit costs

  • 1&2

  • 1&2&3

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