Introduction of Job Costing

The classification of maximum industries is divided into two major categories. They are,

  • Industries that produces goods in large quantity
  • Job order costing industries

Usually, job order costing industries produces goods as per the order of the clients.

Stockpiling of labour, expenditure and material required for a certain job require money. The amount which is utilised in this job is termed as job costing. It usually takes place within the confines of a workshop or a factory wading through various operations and processes. It is seen as an endlessly recognisable unit.

This term has been termed as per the International Capital Market Association.

Submit Your Assignment