batch coting
Batch processing means the production of units of products in continuous process where products units produced without any break and different process of making product continuously keep working and produce in mass quantities. It is different from job costing in this sense that in job costing, costs of separate jobs or projects are kept separate from each other and costing of each job is done separately which is not done in process or batch costing.
Under JOB COSTING all costs relevant to specific jobs are maintained separately to find out the total cost and revenue. Under BATCH COSTING all costs are allocated to production process in batch and there is no separate record for how much any type of material or labor allocated to which units of products normally in mass productions units.
Batch costing 1. It is a refinement of job costing. 2. Here the unit of measurement is batch comprising of lots of similar units. 3. Separate cost sheet are maintained for each batch of products by assigning a unique batch number. 4. Cost per unit in a batch =Total cost of batch/No of units in the batch. 5. Applications :-Pharmaceuticals , drug industry, readymade garments ,manufacture of electronic parts of TV etc.
Cost unit is a unit of production, service or time or combination of these, in relation to which costs may be ascertained or expressed. Ex: Toy making: Batch costing, unit of cost: per batch (ex: $500 per batch) Advertising: Job Costing, unit of cost: per Job Hospital: Operating costing, unit of cost: per patient day
Batch costing means the cost of a product in which various rawmaterial is being used as input along with the labour involved & the electricity consumed in a batch.
Batch processing means the production of units of products in continuous process where products units produced without any break and different process of making product continuously keep working and produce in mass quantities. It is different from job costing in this sense that in job costing, costs of separate jobs or projects are kept separate from each other and costing of each job is done separately which is not done in process or batch costing.
Under JOB COSTING all costs relevant to specific jobs are maintained separately to find out the total cost and revenue. Under BATCH COSTING all costs are allocated to production process in batch and there is no separate record for how much any type of material or labor allocated to which units of products normally in mass productions units.
Job costing, batch costing and process costing job costing is used in a business where the production is made up of individual large jobs , each of which is different and has different inputs of materials and labour. batch costing is suitable for a business that produces batches of identical units, but each batch is for different units. process costing is the costing method applicable where goods or services result from a sequence of continuous or repetitive operations or processes.
Batch costing 1. It is a refinement of job costing. 2. Here the unit of measurement is batch comprising of lots of similar units. 3. Separate cost sheet are maintained for each batch of products by assigning a unique batch number. 4. Cost per unit in a batch =Total cost of batch/No of units in the batch. 5. Applications :-Pharmaceuticals , drug industry, readymade garments ,manufacture of electronic parts of TV etc.
Cost unit is a unit of production, service or time or combination of these, in relation to which costs may be ascertained or expressed. Ex: Toy making: Batch costing, unit of cost: per batch (ex: $500 per batch) Advertising: Job Costing, unit of cost: per Job Hospital: Operating costing, unit of cost: per patient day
Batch costing means the cost of a product in which various rawmaterial is being used as input along with the labour involved & the electricity consumed in a batch.
producing garments batch by batch, like 100 shirts and 100 trousers.
Batch processing generally means using a scripting language to queue one or more jobs that will work one after the other without any manual intervention. That is, the actual processing is automated, the only input required from the user is in order to set up the batch. Contrast with online or interactive data processing which requires user-input throughout the process. In batch processing, the input is typically generated from input files collated as a batch, and the output of one job can often be used as input for the next job, dependant upon the type of processing. Some software includes batch processing modes of their own, but for those that don't, command sequences can be crafted using scripting languages, either from within the program itself (where supported) or externally at operating system level. Operating system command scripts can also be employed for batch processing, hence they are also known as batch files.
Batch processing generally means using a scripting language to queue one or more jobs that will work one after the other without any manual intervention. That is, the actual processing is automated, the only input required from the user is in order to set up the batch. Contrast with online or interactive data processing which requires user-input throughout the process. In batch processing, the input is typically generated from input files collated as a batch, and the output of one job can often be used as input for the next job, dependant upon the type of processing. Some software includes batch processing modes of their own, but for those that don't, command sequences can be crafted using scripting languages, either from within the program itself (where supported) or externally at operating system level. Operating system command scripts can also be employed for batch processing, hence they are also known as batch files.
explain the difference between batch processing and real-time processing
a job costing
I dont knowJohn key