ASSIGNMENT OF COSTING

NAME – ARCHANA KUMARI

ROLL NO.- 5
CLASS- PGDM 2ND TRIMISTER
SECESSION- 2010-2012

SUBMITED TO- kyati mam

 JOB COSTING
Order-specific costing technique, used in situations where
each job is different and is performed to
the customer's specifications. Job costing involves
keeping an account of direct
costs (labor, machine time, raw materials) and indirect
costs (overheads). Since both types of costs are usually
closely related (a job requiring high input of labor
and material is likely to consume more power, machine
time, supervision time, inspection time, etc.) indirect
costs may be applied as an estimated fraction of direct
costs. Job costing methods are similar to contract costing
and batch costing methods, and are used
in construction, motion picture, and shipping industries,
in fabrication, repair, and maintenance works, and
in services such as auditing
 INTRODUCTION
JOB COSTING
Order-specific costing technique, used in situations where
each job is different and is performed to
the customer's specifications. Job costing involves
keeping an account of direct
costs (labor, machine time, raw materials) and indirect
costs (overheads). Since both types of costs are usually
closely related (a job requiring high input of labor
and material is likely to consume more power, machine
time, supervision time, inspection time, etc.) indirect
costs may be applied as an estimated fraction of direct
costs. Job costing methods are similar to contract costing
and batch costing methods, and are used
in construction, motion picture, and shipping industries,
in fabrication, repair, and maintenance works, and
in services such as auditing