What are job-order costing and process costing? What types of firms use job-order costing? Process...
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Accounting
What are job-order costing and process costing? What types of firms use job-order costing? Process costing? Explain how overhead is assigned to production when a predetermined overhead rate is used. Assume that a company has decided not to allocate any support department costs to producing departments. Describe the likely behavior of the managers of the producing departments. Would this be good or bad? Explain why allocation would correct this type of behavior.
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