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1. Define cost pool, cost tracing, cost allocation, and cost-allocation base. 2) How does a job-costing system differ from a process-costing system? 3) Describe the

1. Define cost pool, cost tracing, cost allocation, and cost-allocation base.

2) How does a job-costing system differ from a process-costing system?

3) Describe the seven steps in job costing.

4) Give examples of two cost objects in companies using job costing.

Plz solve it ASAP

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