What might be consequences of selecting wrong costing system

Assignment Help Cost Accounting

Reference no: EM131884707

Problem

Job order cost system involves batch-wise or job-wise accumulation of costs. On the other hand, process costing involves assigning costs to both partially and fully completed products. Consider the features of job order costing and process costing and respond to the following:

What are the factors that a company must consider while deciding whether to use a job order or a process cost system?

What might be the consequences of selecting the wrong costing system?

Reference no: EM131884707

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