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1)Which of the folliwng best describes cost allocation? 2

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1)Which of the folliwng best describes cost allocation?

2.How does a job costing system differ from a process-costing system?

3. Why might an advertising agency use job costing for an advertising campaign by Pepsi, whereas a bank might use process costing to determine the cost of checking account deposits?

4.The two major cost objects that managers focus on in companies using job costing are

5. Identify the reasons why most organizations use an annual period rather than a weekly or monthly period to compute budgeted indirect cost rates

6. Identify the main concern about source documents used to prepare job-cost records

7. Modern Technology such as Electronic Data Interchange (EDI) is helpful to managers because