WileyPLUS Assignment: Managerial Accounting: Tools for Business Decision Making (7th edition), Ch. 3Job Cost and Process Cost SystemsWhat are the differences between job-cost and process-cost systems? When would it be appropriate to use each type of system? What is the effect of each system on the product cost? What type of system does the company you work for use? (if you are familiar)? What type of system do you think would work best for your company and why?