Job costing

Meaning of Job costing
Definition of Job costing
Advantages of Job costing
Job costing Disadvantages
What kind of business use
Job cost sheet
Questions

1. Under the guide lines of SUNDAR BN Asst proof & course co-ordinator Post graduation studies in commerce G F G C W HOLENARASIPURA JOB COSTING Presented By POOJA BS 1 st M com G F G C HOLENARASIPURA

2. * Meaning and Definition * Job costing components * Advantages of job costing * Job cost sheet * Disadvantages of job costing * what kind of business use in job costing contents

3. Job costing is an accounting method designed to help you track the cost of individual projects and jobs it involves looking at direct and indirect costs and its usually broken into three specific categories labour ,materials and overhead Definition According to ERIC KOHLER Job costing a method of cost accounting where by cost compile for a specific quantity of product equipment repair or than services that move through the production process as a continuously identifiable unit Meaning of job costing and Definition

4. Job costing components

5. Job costing acts as a form of analysis detailing all the types of costs that are present throughout the manufacturing process this includes the direct costs the labour costs ,and the over head charges It acts as a gauge determining the profitability of the job and helps for future customers or companies to decide whether to take up the job or not it also gives us an idea about the feasibility of the job The efficiency of the manufacture can also take into observation while taking account of their job costing and their associated expenses. Budgetary control comes into action when taking into consideration the various overhead charges which predetermine for each department. Job costing enables the supervisor to keep track of various components such as money ,materials and the performance of the employees . ADVANTAGES OF JOB COSTING

6. job cost sheet

7. Job cost sheet

8. The following are the disadvantages or limitations of Job Costing. 1. There is no standardization of job in job costing. Hence, there is a need of close supervision. 2. More clerical work is required for maintaining detailed information in job costing. 3. Job costing is expensive. 4. There is no possibility of control of costs since the controlling steps are taken only after incurring the expenses in job costing. 5. The accurate cost information is not obtained since large number of small jobs is executed at a time in job costing. 6, The price of a job is fixed only on the basis of market condition not on the basis of past records. Job costing disadvantages or limitation

9. Construction industry job costing is commonly used in the construction industry where costs very widely from job to job Manufacturing companies White collar business Medical service business Retail companies Entertainment industry etc........... What kind of business use job costing

10. 1 What is job costing ? 2 Mention the 2 components of job costing ? 3 Mention the any one of the advantage and limitation of job costing ? 4 what kind of business use job costing ? Questions

11. http://www.netsuite.com https://accounting.com https://www.accountingtools Reference