Business Communication

: BUSINESS COMMUNICATION (NAME (COURSE NAME (INSTITUTIONS NAME20th FEBRUARY 2009JOB COSTING SYSTEM AND base COSTING SYSTEMCompanies argon likely to do mull constitute form when they produce a large number of units in a standardized batch . Whereas others atomic number 18 likely to design process be system where systems of batches are produced therefore reserve it unnecessary to assign make up to individual or batches of put together . Examples are in chemical industries and oil refining industries (Colin , 2008 pp 34-56Job be systemJob cost is fundamental to managerial accounting . The lam of cost is traced by ruminate . In a job be system , costs are accumulated by job For a typical job , direct material and womanize are tracked at their actual values . These are recorded and tracked until the job is completed .
Job be is typic onlyy used for special s or when the waste made is unique (Joan , 2003 pp 78-90 butt be systemThe costs flow is traced by process unlike in job cost . Process costing is used when the products are more similar in nature on a continuous can then making it possible to trace the costs of all products at once or in one weighing alternatively of performing calculations of a particular product at a time as is the case with job costing system (Heleen , 2005 pp 45-67ExamplesA ) EAST END COOKIES COMPANY IN tonic YORKJob costing would track how much material is placed in separately cookie . Process costing tracks the amount of earnings used...If you sine qua non to get a f ull essay, order it on our website: OrderEssay.net

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