Business 202: Managerial Accounting

Be sure that you are putting some thought into your discussion 150-200 words. Please answer the following questions:

1.) Name two principal types of cost accounting systems.

· Job Order Costing System

· Process Costing System

2.) Which system provides for a separate record of each particular quantity of product that passes through the factory?

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3.) Which system accumulates the costs for each department or process within the factory? Why?

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4.) Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs.

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