Both job-order and process costing systems require cost averaging procedures.

Name: Both job-order and process costing systems require cost averaging procedures.
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Both job-order and process costing systems require cost averaging procedures to allocate costs to individual jobs or production runs. In job-order costing, costs are averaged over the specific job or order, while in process costing, costs are averaged over all units produced during a specific time period.

Both Job-Order and Process Costing Systems Require Cost Averaging Procedures