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Operation Costing Is a Hybrid Type of Accounting System That

Question 82

Essay

Operation costing is a hybrid type of accounting system that combines features of job-order and process-cost accounting.
Required:
A. Briefly discuss the similarities and differences of an operation-costing system and a job-order cost system.
B. Briefly discuss the similarities and differences of an operation-costing system and a process-cost system.

Correct Answer:

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