What is job order costing mean?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
What is the job order costing or job costing?
Posted by:
Mohammed El Tahir Mohammed Yousif
09-September-2017

Annual Report Design Annual Reports Cash Flow Management Cash Flow Forecasting Year End Accounts

Question ajoutée par Ayman ziad Mohammad Abukhadra , Finance Direcor , Cheil worldwide Inc.
Date de publication: 2013/11/10

Apprécier (1) Vues (3) Suiveurs (3) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

1 Réponses

par Rehan Qureshi , Financial Consultant , Self Employeed

An order-specific costing technique, used in situations where each job is different and is performed to the customer's specifications. Job costing involves keeping an account of direct and indirect costs.

Since both types of costs are usually closely related (a job requiring high input of labor and material is likely to consume more power, machine time, supervision time, inspection time, etc.) indirect costs may be applied as an estimated fraction of direct costs. Job costing methods are similar to contract costing and batch costing methods, and are used in construction, motion picture, and shipping industries, in fabrication, repair, and maintenance works, and in services such as auditing.

Apprécier (6)

Déprécier Réponses () Rapport