Job Costing & Batch Costing

( Chapter 7)

Meaning of Job Costing

This method of costing is used in organizations, where
Production is done on the basis of customer·s own specifications Products are manufactured in different lots Products are not uniform

Batch Costing

Batch costing is that form of specific order costing which applies when similar articles are manufactured in batches, either for sale or for use within the organization.


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