Questions:
1. How do job order and process costing systems, as well as their related valuation methods, differ?
2. What are the distinguishing characteristics of a job order costing system?
3. What are the primary documents supporting a job order costing system and what purposes are served by each of them?
4. How are costs accumulated in a job order costing system?
5. How are standard costs used in a job order costing system?
6. How does information from a job order costing system support management decision making?
7. How are losses treated in a job order costing system?