Question: Your roommate asks for your help in understanding the two types of cost accounting systems. (a) Distinguish between the two types of cost accounting systems

Your roommate asks for your help in understanding the two types of cost accounting systems.
(a) Distinguish between the two types of cost accounting systems for your roommate.
(b) Explain to your roommate why a company can use both types of cost accounting systems.

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a The two principal types of cost accounting systems are 1 Joborder cost system and 2 Process cost s... View full answer

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