Asked by
Thomas Bruder
on Nov 12, 2024Verified
Process cost systems use job order cost cards to accumulate cost data.
Process Cost Systems
A method in accounting used to track the costs associated with producing products in continuous processes.
Cost Data
Information related to the cost of goods or services, including production, labor, and materials costs.
Job Order
A custom or special order detailing the work to be performed or products to be produced.
- Understand the basic concepts of process costing and how it differs from job order costing.
Verified Answer
DP
Learning Objectives
- Understand the basic concepts of process costing and how it differs from job order costing.
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