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The two basic types of costing systems are job order costing and process costing. Job order costing is used when products are made based on specific customer orders, allowing for tracking costs for each individual job. In contrast, process costing is applied in industries where production is continuous and units are indistinguishable, allocating costs to processes or departments over a specific period. Each system serves different manufacturing environments and provides insights into cost control and pricing strategies.
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What are the different types of numbering systems?
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What are the two basic types of port numbers?
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What are the two systems of measurement in math?
two units of measurements are MKS and CGS systems
What types of roots are there?
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What are the two basic types of disease?
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What are the two basic types of age structure graphs?
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