1.What are the refinements that have been made to enhance the efficiency and effectiveness of ABC in managing costs? Why do you think ABC costing is more or less efficient than job order costing? Please provide an example.
2.A job order cost system is a system that accumulates costs for each job. Consider the aspects of job order costing and respond to the following:
Discuss the types of industries that are most likely to use a job order cost system. Give examples.
What are the reasons for the use of job order cost system method in certain types of industries?