Costing

Job Costing
 

• A costing technique where each job/project is different and is done as per the customer specification. 
   
• When a job/project is received from the customer, the costs which are expected to be incurred on the job are estimated and the price is quoted to the customer.  

• This costing technique is widely used in Printing Press, Heavy Machinery, Foundry, General Engineering works, Machine tools, Interior decoration, Repairs , Ship- building and other similar industries.