Accounting Dictionary - Letter J

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Job costing
(also called job order costing) is a product costing system when costs are accumulated by specific job orders (e.g., Job Order XX2, Job Order 02357) and assigned to batches of products. Manufacturing costs are assigned to specific jobs: specific customers, specific orders, specific projects, specific contracts, etc. Job costing is often used by small and medium-sized firms. Job costing is often used in the following industries: professional services (e.g., medical, legal), advertising agencies, construction, shipbuilding, and custom equipment or furniture manufacturing.
Go Back
Don't see the term you are looking for? Try searching our entire website:
Not a member?
See why people join our
online accounting course:
Free Study Notes
Download free accounting study notes by signing up for our free newsletter (example):
First Name:
E-mail:
We never share or sell your e-mail to third parties.