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"An investment in knowledge pays the best interest." ~
Benjamin
Franklin
Spring 2014
AC 250/1 | HOMEWORK IN CHAPTER 5 – Answer the following questions in Chapter 5 and submit your handwritten answers in class on Tuesday, March 11, 2014.
Posted: 03-10-2014
1. Compare and contrast job-order and process costing systems.
2. Discuss actual costing, normal costing, and standard costing.
3. What is a "job" as defined in a job-order costing system?
4. What information should be contained in a subsidiary ledger for Work in Process Inventory in a job-order costing system?
5. Discuss the basic forms used in a job-order costing system.
6. Can standard costing be used in job-order costing? If so, what conditions must exist? If not, explain why.
this way please ...
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