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 the accounting method that designed keep track of the cost of to is to
individual jobs and projects. considers It direct well indirect costs, and 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 job, comparing estimates, to
and uncovering inefficiencies well as as excessive co areas. The st job costing method is typically
used projects that involve a diverse range of workstreams with varying outputs and in
stakeholders. This method impacts the gro profit margin of a business (Walther Skousen, ss &
2010).
• Process Costing defined the accounting method that involves the tracking, can be as
tracing, and accumulation of direct costs and assigning indirect costs to manufacturing processes.
