Job order costing is more appropriate than process costing when the product being produced is a custom product
to undersrand
A job order costing system would be more appropriate than a process costing system for manufacturers who use different types of goods throughout the manufacturing process. Process costing is best to you when manufacturing a large amount of the same items.
a job costing
outline the characteristics and purpose of: Job costing and process costing
Fixed cost, being what they are and by nature, fairly consistant job to job (or no job), job order costing would become especially important when the variable costs relative to a job are such that it becomes the only effective way to determine the profitability, if any, of any specific project.
Job costing or as some may know it, Job order costing is fundamental to managerial accounting. It differs from Process costing in that flow of cost is tracked by job but not a process. The main difference is that Job costing is in the nature of jobs/work and process costing in a process.
Labour costing. Material costing
what is the purpose of process costing?
Manufacturing companies use job costing.
job costing refers to very small work while contract costing refers to large work like building a bridge.
Job costing characteristics and purpose of it: its purpose is to is to calculate the cost of the materials found in the wastestream based on purchase price of materials. Please assist me with further characteristics and purpose of job costing and process costing to this extent.