I have no clue, please help
outline the characteristics and purpose of: Job costing and process costing
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 purpose of process costing?
Process Costing
Nothing :)
outline the characteristics and purpose of: Job costing and process costing
a job costing
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 purpose of process costing?
Process Costing
Nothing :)
Job order costing is more appropriate than process costing when the product being produced is a custom product
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.
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.
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.
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost