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As manufacturing organizations incur costs for Raw Materials and Direct Labor: 1) How will these costs...

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Accounting

As manufacturing organizations incur costs for Raw Materials andDirect Labor: 1) How will these costs be associated to the productbeing made for both Job Order Costing and Process Costing? 2) Whatimpact does the way Raw Materials and Direct Labor are associatedto the product being made have on the information provided and thedecisions being made by the organization? 3) Provide supportivestatements for under what circumstances each of these methods (JobOrder Costing, Process Costing) would be more appropriate forinternal decision making.

Answer & Explanation Solved by verified expert
3.6 Ratings (376 Votes)
1 The direct labour and direct material costs are the direct costs These costs would be charged to the products as the product incurs or requires them The direct material costs would be assigned according to the amount of material used    See Answer
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