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Describe in your own words how a job order cost system facilitates understanding how much...

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Accounting

Describe in your own words how a job order cost system facilitates understanding how much it cost to produce a given unit of product for example, a machine or a house. In what way does it help management to know how much to charge, what kind of profit will be earned at a given price, how profit could be improved by specific production decisions, etc.

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