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Q: What is the central problem associated with process costing?
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What is the characteristics and purpose of Job Costing and Process costing?

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Job costing or as some may know it, Job order costing is fundamental to managerial accounting. It differs from Process costing in that flow of cost is tracked by job but not a process. The main difference is that Job costing is in the nature of jobs/work and process costing in a process.


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