0
It will contain the data need to work out the pricing of a piece of work to be done. To do any job there are costs involved. There would be things like how many people have to be paid, how much they get paid per hour, how many hours they worked, the materials need for the job, the amounts of them needed, the cost of them and so on. If you were doing something like decorating a room, you may need paint and wallpaper, furniture, all of which have to be costed. You would also want to work out how long the job will take to do and how much you will have to pay someone to do it. The people that do these kinds of jobs would need to work out these things too, in order to give you the price for the job.
Add your answer:
Earn +20 pts
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 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 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?
What type of company uses Job costing?
Manufacturing companies use job costing.
What is difference between job costing contract costing?
job costing refers to very small work while contract costing refers to large work like building a bridge.
Outline the characteristics and purpose of job costing and process costing?
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.
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
What are the batch costing and batch processing and job costing?
batch coting
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 advantages of process costing over job costing?
I have no clue, please help
