Running Head: JOB CASTING
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Job Costing vs. Process Costing
Southern New Hampshire University
JOB CASTING
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• Job costing refers to the accounting method that is designed to keep track of the cost
of individual jobs and projects. takes into account direct well indirect costs, and It as as it
can be categorized into three distinctive categories, namely materials, labor, and overheads.
The fundamental goals of job costing include understanding the profit and loss relating a to
job, comparing estimates, and uncovering inefficiencies well excessive co areas. The as as st
jo is inb costing method typically used projects that involve a diverse range of workstreams
with varying outputs and stakeholders. This method impacts the profit margin of a gross
business (Walther & Skousen, 2010).
• aa Process Costing be can defined as the accounting method that involves the tracking,
tracing, and accumulation of direct costs and assigning indirect costs manufacturing to
