question archive Describe the differences between job order costing, process costing, and Activity Based Costing (ABC)

Describe the differences between job order costing, process costing, and Activity Based Costing (ABC)

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Describe the differences between job order costing, process costing, and Activity Based Costing (ABC). What are the advantages and disadvantages of each system? Imagine a company that you might be a manager for. Describe that company and what their major product or service would be. Then, tell which cost system would be best suited to that firm and why.

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