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What is the main weakness of the two systems

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Reference no: EM132524034

Two basic costing system normally used in industry are "Process Costing" and "Job Order Costing". The two system is seen as different and claimed a different degree of accuracy and complicacy.

Based on the statement above, answer the following;

Question i) What are the main differences between the two system?

Question ii) In which activities these systems are differently applied?

Question iii) Which system is more accurate?

Question iv) Which system is more pragmatic?

Question v) What is the main weakness of the two systems?

Reference no: EM132524034

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