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Week Four - Some companies are more suited to job order costing and others to process costing. Define these two types of acco
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Job order costing :

Job order costing has to be preferred by the companies whose products or services are unique i.e different from each other. Costs for each job are calculated and recorded separately.

Examples : Law firms, custom furniture makers, hospitals.

Process costing :

Process costing is used when a large number of homogeneous (similar) products are to be produced.

Examples : Cookie manufacturing, soap making.

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