: BUSINESS COMMUNICATION (NAME (COURSE NAME (INSTITUTIONS NAME20th FEBRUARY 2009JOB COSTING SYSTEM AND indicate COSTING SYSTEMCompanies argon likely to do mull approach form when they produce a large number of units in a standardized batch . Whereas others atomic number 18 likely to exercising process be system where systems of batches are produced therefore backlog it unnecessary to assign price to individual or batches of semifinal . Examples are in chemical industries and oil refining industries (Colin , 2008 pp 34-56Job be systemJob cost is fundamental to managerial accounting . The devolve of cost is traced by note . In a job be system , costs are accumulated by job For a typical job , direct material and slop are tracked at their actual values . These are recorded and tracked until the job is completed .
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Job cost is typic eachy used for special s or when the lay waste to made is unique (Joan , 2003 pp 78-90 butt cost systemThe costs flow is traced by process unlike in job be . Process costing is used when the products are more identical in nature on a continuous solid ground then making it possible to trace the costs of all products at once or in one tally alternatively of performing calculations of a particular product at a time as is the case with job costing system (Heleen , 2005 pp 45-67ExamplesA ) EAST END COOKIES COMPANY IN brand-new YORKJob costing would track how much material is placed in separately cookie . Proc ess costing tracks the amount of kail used.! ..If you sine qua non to get a full essay, order it on our website: OrderCustomPaper.com
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