Specific order costing, Cost Accounting

Specific Order Costing

This is a broad costing system that is applicable where work jobs consist of separate jobs, batches or contracts.  Every job or contract or batch is a cost unit and in most cases, it is different from another.  Every order made can be recognized separately and the system is designed to find the cost of each order.  Exact order costing is subdivided into as:

1. Batch costing

2. Job costing

3. Contract costing

Posted Date: 2/7/2013 1:59:05 AM | Location : United States







Related Discussions:- Specific order costing, Assignment Help, Ask Question on Specific order costing, Get Answer, Expert's Help, Specific order costing Discussions

Write discussion on Specific order costing
Your posts are moderated
Related Questions

In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is

asdfdf afd s

Stopover industries ltd, a recently incorporated company plans to go into production next year. the following standard cost matrix has been assembled for one of the products it pro

Relevant Costs and Decision-Making The relevance of costs will depend upon the purpose for that they are being utilized. Relevance is related to future decisions. The relevanc

ADescribe the impact of different types of standards on motivations, and specifically, the likely effect on motivation of adopting the labor standard recommended for Geeta & Compan

Erlander Company uses a job order cost accounting system. On November 1 2013, $15,000 of direct materials and $3,500 of indirect materials were requisitioned for production. Prepar

Absorption Costing, Marginal Cost and Marginal Costing Absorption costing is most often utilized for routine profit reporting and must be utilized for financial accounting rea

You sell a machine for $600,000. You allow the client to pay 1/3 at the time of the sale and 1/3 at the end of year one and 1/3 at the end of year two. The company earns 10% on ass

The CFO of ABC Municipality has heard of activity based costing and wants to execute it in the municipality. Because ABC involves a number of changes to how service costs are deter