Job costing

Job costing is a system for assigning costs to products or services that differ in the amount of materials, labor, and overhead required. Typically used by manufacturers that produce unique, or customordered products in small batches; also used by professional service firms.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Job costing. A system for assigning costs to products or services that differ in the amount of materials, labor, and overhead required. Typically used by manufacturers that produce unique, or customordered products in small batches; also used by professional service firms.