What is the difference between a job-order costing and process costing? When do you use one or the other?   Why is there a likely to be a situation of over or undercosted manufacturing overhead? What ways can you resolve the difference?   What would happen if you allocated too much or too little manufacturing overhead to a product or service (consider the implications for an organization)?  

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Job order costingUse Job order costing is used when products or services are unique customized or produced in small batches Each job or batch is treat... View the full answer