The CFO, Mr. Smith asked you,his new, managerial accountant to explain the three following cost systems 1. activity based costing. 2. Job order costing 3. Process costing. Create a 1-2 page table comparing the following for each three costing systems: What are the 3 characters of the system? Give 2 examples of a product or service that would be accounted for by each system. Explain why you choose this product or service as your example. Decsribe 2-3 disadvantages of each system.
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