12. Job and Batch Costing Flashcards

1
Q

What is a ‘job’?

A

A customer order or task of relatively short duration

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2
Q

What is job costing?

A

A form of specific order costing where costs are attributed to individual jobs

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3
Q

When is overtime charged to a job?

A

Only if it was specifically requested in order to complete a certain job

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4
Q

What is batch costing?

A

A form of specific order costing where costs are attributed to batches of product

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5
Q

How do you calculate unit cost from batch cost?

A

Dividing the batch cost by the number of products in the batch

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