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Two Costing Systems: Job-Order Costing - Produces custom products for specific customers or small batches of similar products. Provides a Product Cost for each QUANTITY
Two Costing Systems: Job-Order Costing - Produces custom products for specific customers or small batches of similar products. Provides a "Product Cost" for each QUANTITY of product manufactured - a "Job" Job-Order costing also applies to the service industry (examples: architects, law firms, hospitals). Process Costing - Produces products that are indistinguishable, using a continuous process. Provides a "Product Cost" for each manufacturing DEPT or PROCESS. Determine the type of costing each company below would use: Construction Company BLANK-1 Coca-Cola BLANK-2 Law Firm BLANK-3 Petroleum Refining BLANK-4 MGM Studios BLANK-5 BLANK-1 Add your answer BLANK-2 Add your answer BLANK-3 Add your answer BLANK-4 Add your answer BLANK-5 Add your
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