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What is the difference between job order costing and process costing?

What is the difference between job order costing and process costing?

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تم إضافة السؤال من قبل Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products
تاريخ النشر: 2017/09/09
Nayab Jahangir
من قبل Nayab Jahangir

job order costing is a process of applying cost to heterogenous products mean in a batch form eg.customize furniture at the other end process costing is a process of applying cost to homogenous products eg.sugar mill

job order means the first step of any sales related work of any employee

Mohammed El Tahir Mohammed Yousif
من قبل Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products

Job costing is used for unique products, and process costing is used for standardized products. Size of job. Job costing is used for very small production runs, and process costing is used for large production runs.