What are the characteristics of companies that are likely to be using job order cost system? Specify five concrete situations when use of job order cost system is most appropriate. Enumerate, in...

What are the characteristics of companies that are likely to be using job order cost system? Specify five concrete situations when use of job order cost system is most appropriate.

Enumerate, in brief, the cost recording procedure in a job-order cost system. Illustrate your answer with examples.