top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration

What is Job Costing, what are the features of Job Costing?

+1 vote
12 views
What is Job Costing, what are the features of Job Costing?
posted Jul 7, 2017 by Raghav Choudhary

Share this question
Facebook Share Button Twitter Share Button Google+ Share Button LinkedIn Share Button Multiple Social Share Button

1 Answer

0 votes

“That form of specific order costing which applies where work is undertaken to customers’ special requirements and each order is comparatively for short duration. The work is carried out within a factory or workshop and moves through processes and operations as a continuously identifiable unit.

The following are the features of Job Costing:

(i) The production is always against customers’ order and not for stock;

(ii) Each job has its own characteristics and, therefore, needs special treatment;

(iii) There is no uniformity in the flow of production from department to department;

(iv) The department through which job has to be processed depends purely on the nature of each job;

(v) The work-in-progress differs from period to period according to the number of jobs on hand;

(vi) Job cost system is essential, if costs tend to vary markedly from order to order and specific cost date is required for each order;

(vii) Under job costing each job or order is given a number.

answer Jul 8, 2017 by Ramesh Gowda
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...