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1. Both job order and process costing systems use a four-step method to track product costs: accumulate, assign, allocate, and adjust. Please explain all four

1. Both job order and process costing systems use a four-step method to track product costs: accumulate, assign, allocate, and adjust. Please explain all four steps and give an example.

2. Give five examples of manufacturing overhead costs. Why are they considered indirect costs?

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