Be sure that you are putting some thought into your discussion 150-200 words. Please answer the following questions:
1.)
Name two principal types of cost accounting systems.
· Job Order Costing System
· Process Costing System
2.)
Which system provides for a separate record of each particular quantity of product that passes through the factory?
·
3.)
Which system accumulates the costs for each department or process within the factory? Why?
·
4.)
Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs.
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