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The job cost sheet is employed to accumulate the three product costs: direct material, direct labor and factory overhead. Describe the source documents for finding out these amounts (that is, where do we get these numbers, and how we arrive at the overhead?). Why is overhead the most hard to assign?

describe how the process costing system accumulates and allocates costs by comparing and contrasting to the job order costing system.

Accounting Basics, Accounting

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