berezka/ CH 15 Job order costing
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What is job order production?
Each customized product is manufactured separately and its production is called job order production
What are to basic types of cost accounting systems?
Job order cost accounting Process cost accounting
What is JOB LOT?
When a job involves producing more than one unit of a custom product, it is often called a job lot.
Cost Accounting Systems
accumulate costs and then assign them to products and services provides timely info about inventories and manufacturing costs per unit of product