Let’s look at the differences between process and job-order costing:
Envision yourself as a CFO at a customized furniture manufacturer and you have been given the task of setting up the cost accounting system. Based on the concepts learned in chapters 4, 5,( job order costing, process costing) and your personal experience, describe to me the quantitative and qualitative questions that would need to be answered before deciding how you would allocate your costs. Provide answers to your initial questions.
Now answer the following for me:
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