Your roommate asks for your help in understanding the two types of cost accounting systems. (a) Distinguish
Question:
(a) Distinguish between the two types of cost accounting systems for your roommate.
(b) Explain to your roommate why a company can use both types of cost accounting systems.
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a The two principal types of cost accounting systems are 1 Joborder cost system and 2 Process cost s...View the full answer
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Related Book For 
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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