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Distinguish between two types of cost accounting systems

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Reference no: EM132540631

Question 1 -

a) Distinguish between the two types of cost accounting systems.

b) May a company use both types of cost accounting systems?

Question 2 -

Why do some companies need a cost accounting system while others do not? What are the determining characteristics or factors that influence the type of cost accounting system that is appropriate for a company?

Reference no: EM132540631

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