What is Job Order Costing?

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Activity Based Costing Knowledge Center

Forum 3 hiba Jordan What is Job Order Costing? In cost accounting systems, what is job order costing? X Welcome to the Activity Based Costing forum. The topic being discussed here is: "What is Job Order Costing?". Sign up now to gain access. It's easy and 100% free. Log in   Comments Rating   4 Jaap de Jonge Editor, Netherlands   Job Order Costing Also referred to as 'Job Costing', job order costing is a method for assigning manufacturing costs to an individual product or batch of a product. The job order costing system is used typically when the products being manufactured are significantly different from each other. The job order costing system creates a job cost record for each item, job or special order. The job cost record will report the direct materials and direct labor that have been used plus the manufacturing overhead assigned to that particular job. Typical industries in which job order costing is used are make-to-order or engineer-to-order industries, such as building construction, engineering (ships, oil platforms) and custom equipment manufacturers. When products are nearly identical or fully identical, the Process Costing system is more likely be used.   Leave a comment Share your knowledge or experience

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Activity Based Costing Knowledge Center

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