EBK ACCOUNTING PRINCIPLES
EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
Question
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Chapter 20, Problem 2Q

(a)

To determine

Cost accounting:

Cost accounting is the process of collecting, summarizing and then evaluating each and every alternative course of action that can be undertaken in order to produce a product. The alternative with the most efficient results would be chosen.

To determine: The difference between the two types of cost accounting systems.

(b)

To determine

Whether a company can use both types of cost accounting systems.

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