Why is cost accumulation simpler in a process costing, Ask an Expert

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1. Why is cost accumulation simpler in a process costing system than it is in a job-order costing system?

Why aren't actual overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs?

2. Why do companies use a predetermined overhead rate rather than actual overhead costs to apply overhead to jobs?

Would a company ever use both type of systems?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412167

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