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Asked by Danique Mcfarlane on May 17, 2024

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A law firm would use a job order cost system to accumulate all of the costs associated with a particular client engagement, such as lawyer time, copying charges, filing fees, and overhead.

Job Order Cost System

An accounting system that accumulates costs for each individually customized job, useful in manufacturing or service settings where work is undertaken on a specific order basis.

Lawyer Time

The hours spent by an attorney on legal work for a client, often billed by the hour.

Copying Charges

Fees associated with reproducing documents, images, or other materials, typically using a photocopier or printer.

  • Familiarize yourself with the process by which job order costing is modified and used in service industries.
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Vanika kapoorMay 21, 2024
Final Answer :
True
Explanation :
A job order cost system is commonly used by firms that provide custom products or services, such as law firms. It allows the firm to track all costs associated with a particular client engagement and allocate them to that specific job. This helps the firm to accurately estimate and invoice the client for the work performed, as well as evaluate the profitability of each job.

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