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What are the two principal types of cost accounting systems? Explain the difference between the two types of cost accounting system. Describe how a job

What are the two principal types of cost accounting systems?

Explain the difference between the two types of cost accounting system.

Describe how a job order cost system can be used for professional service businesses. Provide examples.

Which type of cost system would be best suited for each of the following. Explain your answer.

TV assembler

Building contractor

Automobile repair shop

Paper manufacturer

Custom jewelry manufacturer

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