BizSugar.com › Human Resources › Job Costing: Meaning, Objectives, Advantages & Disadvantages

Job costing is usually a method of costing applied in industries, where the cost of the production is usually measured by the number of completed jobs. This is usually taken as a factor to measure the feasibility of jobs. These costs are recorded on a ledger throughout the whole job process and are added to the final balance statement, when preparing for job costs and the batch statement. Job costing system can be virtually used in any industry and is used to check whether if the cost of production exceeds the overheads and the price of the materials, so as to provide profit for the whole process.