Asked By: Mireille Donnelly
Date created: Mon, Feb 8, 2021 6:12 AM
Date updated: Mon, Oct 3, 2022 12:05 PM
Top best answers to the question «Financial and cost accounting system are based on which system»
- In a cost accounting system, cost allocation is carried out based on either traditional costing system or activity-based costing system. Traditional costing system calculates a single overhead rate and applies it to each job or in each department.