20 results found for: “job_order_costing”.

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Job costing

balance before the preparing of the job cost or batch manufacturing statement. Job costing (known by some as job order costing) is fundamental to managerial...

Last Update: 2020-10-04T08:57:53Z Word Count : 1117 Synonim Job costing

Process costing

journal entries for process costing are the same as those for job-order costing with one exception. The entry to transfer cost from one work-in-process account...

Last Update: 2021-02-09T14:52:25Z Word Count : 1260 Synonim Process costing

Direct labor cost

as in this formulation:- Direct labor cost = job time × wage {\displaystyle {\text{Direct labor cost}}={\text{job time}}\times {\text{wage}}} The wage...

Last Update: 2017-12-15T14:01:38Z Word Count : 224 Synonim Direct labor cost

Job evaluation

Job analysis is a systematic way of gathering information about a job. Every job evaluation method requires at least some basic job analysis in order...

Last Update: 2021-03-14T20:26:17Z Word Count : 2743 Synonim Job evaluation

Cost accounting

cost accountants include standard costing and variance analysis, marginal costing and cost volume profit analysis, budgetary control, uniform costing...

Last Update: 2021-03-12T11:27:20Z Word Count : 3145 Synonim Cost accounting

On-the-job training

On-the-job training is an important topic of human resource management. It helps develop the career of the individual and the prosperous growth of the...

Last Update: 2021-01-19T17:40:58Z Word Count : 2425 Synonim On-the-job training

Work order

A work order is usually a task or a job for a customer, that can be scheduled or assigned to someone. Such an order may be from a customer request or created...

Last Update: 2021-01-14T21:10:47Z Word Count : 582 Synonim Work order

Job analysis

position being analyzed need to validate this final list in order to validate the job analysis. Job analysis is crucial for first, helping individuals develop...

Last Update: 2021-03-22T07:01:54Z Word Count : 5225 Synonim Job analysis

Cost estimate

apply costing to the scope, which can then be summed to a total cost. Proper documentation and review are also important. Pricing transforms the cost estimate...

Last Update: 2021-02-26T21:00:23Z Word Count : 3356 Synonim Cost estimate

J. Lee Nicholson

differentiation of the uses of, and the accounting for job order costing and process costing, Nicholson was especially farsighted, missing only the now-taken-for...

Last Update: 2020-12-16T02:51:54Z Word Count : 10145 Synonim J. Lee Nicholson

Steve Jobs

Steven Paul Jobs (/dʒɒbz/; February 24, 1955 – October 5, 2011), known as Steve Jobs, was an American business magnate, industrial designer, investor,...

Last Update: 2021-04-15T02:29:36Z Word Count : 19445 Synonim Steve Jobs

Side job

side job, also informally called a side hustle or side gig, is an additional job that a person takes in addition to their primary job in order to supplement...

Last Update: 2021-03-19T14:26:38Z Word Count : 412 Synonim Side job

Job rotation

Job rotation is a technique used by some employers to rotate their employees' assigned jobs throughout their employment. Employers practice this technique...

Last Update: 2021-02-27T22:20:09Z Word Count : 2496 Synonim Job rotation

Hay Guide Chart

Hay Job Evaluation is a method used by corporates and organizations to map out their job roles in the context of the organizational structure. The general...

Last Update: 2020-11-05T17:19:50Z Word Count : 917 Synonim Hay Guide Chart

The Italian Job

The Italian Job is a 1969 British Comedy caper film, written by Troy Kennedy Martin, produced by Michael Deeley and directed by Peter Collinson. It tells...

Last Update: 2021-04-15T10:41:32Z Word Count : 3528 Synonim The Italian Job

Job shop scheduling

M_{2}} will do the jobs in the order J 2 , J 3 , J 1 {\displaystyle \displaystyle J_{2},J_{3},J_{1}} . Suppose also that there is some cost function C : X...

Last Update: 2021-01-11T11:22:18Z Word Count : 2524 Synonim Job shop scheduling

Classification

(e.g. by Activity-based costing) Classified Information, as in legal or government documentation Job classification, as in job analysis Standard Industrial...

Last Update: 2021-04-01T06:43:30Z Word Count : 363 Synonim Classification

Predetermined motion time system

motion time system (PMTS) is frequently used to perform Labor Minute Costing in order to set piece-rates, wage-rates and/or incentives in labor (labour)...

Last Update: 2021-01-29T16:08:19Z Word Count : 662 Synonim Predetermined motion time system

IDIQ

on-call service contracts, Architect-Engineering (A-E) services, and job order contracting. Awards are usually for a specified number of base years with...

Last Update: 2020-03-22T17:20:07Z Word Count : 763 Synonim IDIQ

Youth unemployment

unemployed person is defined as someone who does not have a job but is actively seeking work. In order to qualify as unemployed for official and statistical...

Last Update: 2021-04-10T22:24:23Z Word Count : 8330 Synonim Youth unemployment

Main result

Job costing

Job costing is accounting which tracks the costs and revenues by "job" and enables standardized reporting of profitability by job. For an accounting system to support job costing, it must allow job numbers to be assigned to individual items of expenses and revenues. A job can be defined to be a specific project done for one customer, or a single unit of product manufactured, or a batch of units of the same type that are produced together. To apply job costing in a manufacturing setting involves tracking which "job" uses various types of direct expenses such as direct labour and direct materials, and then allocating overhead costs (indirect labor, warranty costs, quality control and other overhead costs) to the jobs. A job profitability report is like an overall profit & loss statement for the firm, but is specific to each job number. Job costing may assess all costs involved in a construction "job" or in the manufacturing of goods done in discrete batches. These costs are recorded in ledger accounts throughout the life of the job or batch and are then summarized in the final trial balance before the preparing of the job cost or batch manufacturing statement.


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