Define a Job Order Costing System and List Two Types

question 88

Essay

Define a job order costing system and list two types of businesses that would use a job order costing system.

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Definitions:

Investment Account

A financial account that holds securities, shares, or other investments made by an individual or entity with the objective of earning returns.

Net Income

The ultimate earnings of a company after all deductions, including expenses and taxes, from revenue.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's earnings.