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The management of a liquid cleaning product company is trying to decide whether to install a job or process costing system. The manufacturing VP has
The management of a liquid cleaning product company is trying to decide whether to install a job or process costing system. The manufacturing VP has stated that job costing gives the best control because it is possible to assign costs to specific lots of goods. The controller believes that job costing requires too much recordkeeping. They've hired your consulting firm to make a recommendation for them. What would you recommend? Would a process costing system meet the VP's control objectives? Explain. |
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