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As related to a job order costing system, answer the following short questions:
a. What is a job order costing system? Identify three kinds of companies that would use such as system.
b. What is a job order?
c. What is the purpose of a job order cost card? Identify the kinds of information recorded on it.
Marginal Benefit (MB)
The extra advantage gained by using an additional unit of a product or service.
Marginal Cost (MC)
The financial cost of creating an additional unit of a product or service.
Prison Rates
The number of individuals incarcerated within a prison system per 100,000 population in a specific geographic area.
Crime Rates
The number of reported criminal incidents as a proportion of the population in a given area during a specified period.
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