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LO 5.1How would process costing exist in a service industry?

User Draav
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Answer and explanation:

Process costing is usually implemented in manufacturing industries. However, it does not necessarily mean it cannot be used in service industries. Process costing implies relating the costs of the inputs according to the outputs they produce. In a service organization, the costing process consists of assigning a cost to each job according to the number of customers thanks to that job the organization can assist.

User Yarin Nim
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