Tag Archives | Job Costing and Process Costing

Job Costing and Process Costing | Cost Accounting

The upcoming discussion will update you about the differences between job costing and process costing. Difference # Job Costing: 1. Job costing is concerned with the cost of an individual job or batch regardless of the time taken to produce it. 2. A job is carried out or a product is produced to meet the specific requirements of the order. [...]

By |2023-06-21T14:18:49+00:00December 12, 2016|Difference Between|Comments Off on Job Costing and Process Costing | Cost Accounting
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Difference between Job Costing and Process Costing

Learn about the differences between Job Costing and Process Costing. Difference # Job Costing: 1. Production of Goods: Goods are produced against specific orders. 2. Cost Collection: Costs are accumulated for specific cost centre i.e. a specific job. 3. Applicability: Job costing is applicable where the objec­tive is to identify the cost with specific job. 4. Time Period: In Job [...]

By |2016-06-13T06:12:37+00:00June 13, 2016|Process Costing|Comments Off on Difference between Job Costing and Process Costing
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