Job costing

Last updated: 29.03.2016

Job costing is a type of costing method that calculates the costs for separate and unique jobs - often one-off product or service. In other words, each work order is costed separately.

Example of a job: development or implementation of a software or tailor-made furniture

 

Timesheets are often very useful source for job costing method.   

 

A special type of job costing method is contract costing – contract is considered to be bigger jobs and as such can include more jobs.

 

 There are several approaches (costs included, methodology etc.) to the costing method.



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