Job order costing system and a process costing system

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Question 1: What are the differences between a Job Order costing system and a Process costing system?

Question 2: What are the three levels of inventory used to record manufacturing costs?

Question 3: How is the pre-determined overhead rate calculated?

Question 4: How is the pre-determined overhead rate used to assign MOH?

Question 5: How are over-applied and under-applied manufacturing overhead calculated?

Question 6: How is the COGS adjusted for an over/under-applied overhead balance?

Reference no: EM132418458

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