Operational costing accounts for material costs like job costing and conversion costs like process costing.Materials vary and can be traced;conversion costs are consistent and can be averaged.
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Q2: If materials are only added at the
Q4: If materials are only added at the
Q7: It is possible for units in the
Q9: The equivalent unit concept refers to the
Q10: In general,weighted-average costing is simpler to use
Q12: The number of units in the beginning
Q15: In a weighted-average process costing system,the costs
Q17: Job costing requires more detailed recordkeeping than
Q19: If materials are only added at the
Q20: If materials are added continuously throughout the
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