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Under what circumstances would we use process costing

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Reference no: EM132566761

Question 1. In the past (when I first started accounting) we used for the most part either labor hours or machine hours to allocate the overhead costs. Why do we now use in many industries ABC costing?

Question 2. How if ABC costing determined for individual products?

Question 3. Under what circumstances would we use Process Costing?

Question 4. Is ABC used in the allocation of costs in both Process costing and Job costing

Reference no: EM132566761

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