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
are exploration cost treated as an asset or expense or both?

what is a cost sheet? what are its advantages?

on the first day of the current fiscal year $2,000,000 of 10 year 7% bonds with interest payable annually, were sold for $2,125,000. Present enteries to record the following transa

If a company trades in a building towards a new building and does not recognize a gain or loss (because of code section 1031), will this transaction affect the cash flows statement

Fosson Furniture uses a process cost system to account for its chair factory. Beginning inventory consisted of 5,000 units (100% complete as to material, 55% complete as to labor)

using the high low method how do i calculate the costs that are expected when the output expected is out of the range given for example cost prdctn volume 110000

As a potential investor, what is the problem with different countries having different accounting standards? As the president of a multinational company, what is the problem with

High - Low Method of Cost Estimation Now, cost estimation is based upon the relationship between past level and past cost of activity. Variable cost is based on the relationsh

WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS

Marginal Cost (MC): The marginal cost of an additional unit of output is the cost of the additional inputs required to make that output. More formally, the marginal cost is the