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The two basic types of cost accounting systems are: A. Job order costing and perpetual costing. B. Job order costing and customized product costing. C. Job order costing and customized service costing. D. Job order costing and process costing. E. Job order costing and periodic costing.
A cost type is a set of costs uniquely identified by name. Two cost types are predefined for you, Frozen (for standard costs) and Average.. You can define and update an unlimited number of additional simulation or unimplemented cost types. Each cost type has its own set of cost controls.