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Would R.S. Owens, the manufacturer of Oscar statues, use job costing or processcosting?TheAcademy Awardsis an annual American awards ceremony honoring achievements in the film industry.
Would R.S. Owens, the manufacturer of Oscar statues, use job costing or processcosting?TheAcademy Awardsis an annual American awards ceremony honoring achievements in the film industry. Winners receive a statue officially named the "Academy Award of Merit."However, these statues are much better known by the nickname of "Oscars." Each Oscar statue weighs 8.5 pounds and takes three to four weeks to manufacture.The statues have been manufactured byR.S. Owens, a company in Chicago, for over 70 years.R.S. Owens also makes the Emmy Award trophies and other awards.
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1. Would R.S. Owens use job costing or process costing for its Oscar production?WHY?
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