1. Prof. Mishu Tripathi
Asst Professor-Finance

2.  Job Costing is an order-specific costing
technique, used in situations where each job
is different and is performed to the
customer's specifications.
 Jobcosting involves keeping an account of
direct and indirect costs.

3.  Job costing methods are used in
construction, motion picture, and shipping
industries, in fabrication, repair, and
maintenance works, and in services such as
auditing.
 Shipping, auditing, maintenance and
repair, installation, and any industry which
creates products unique to each need uses
job costing, being it the most efficient
method.

4.  Cost of each job is ascertained separately.
This helps in finding out the profit or loss on
each individual job
 Itenables management to detect those jobs
which are more profitable and those which
are unprofitable

5.  Itprovides the basis for determining the cost
of similar jobs undertaken in future. It thus
helps in future production planning
 Ithelps management in controlling costs by
comparing the actual costs with the
estimated costs