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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.
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∙ 16y ago
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When job order costing system would be more appropriate than process costing system?
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.
What are the benefit's and limitations of job order costing and process costing system?
to undersrand
Is Elmer's glue a job order cost or a process costing?
Process Costing
What does the process of job costing mean in terms of business?
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.
What is the and purpose of Job Costing Process Costing?
outline the characteristics and purpose of: Job costing and process costing
Can service firm use job costing system?
yes
When job order costing system would be more appropriate than process costing system?
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.
When is a job order costing system more appropriate than a process costing system?
Job order costing is more appropriate than process costing when the product being produced is a custom product
What are the benefit's and limitations of job order costing and process costing system?
to undersrand
Is Elmer's glue a job order cost or a process costing?
Process Costing
What does the process of job costing mean in terms of business?
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.
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
Is a hospital a job costing or process costing?
a job costing
What is the and purpose of Job Costing Process Costing?
outline the characteristics and purpose of: Job costing and process costing
What is the difference between job costing and operating costing?
Job costing is when for example a tradesman comes to give you a quote for how much he is willing to do the job/repair that you want to be done, whereas Operating costs are what a buisness has to spend in order to keep functioning, overheads ect.
What is the job costing and give you the example?
Labour costing. Material costing
What is the characteristics and purpose of Job Costing and Process costing?
what is the purpose of process costing?
