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List and explain four purposes of product costing

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Reference no: EM13890819

1. List and explain four purposes of product costing.

2. Explain the difference between job-order and process costing.

3. How is the concept of product costing applied in ser- vice industry firms?

4. What are the purposes of the following documents: (a) material requisition form, (b) labor time record, and (c) job-cost record.

Reference no: EM13890819

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