📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Job Costing is suitable for which of the following

    company? 
    A Sugar company Correct Answer Incorrect Answer
    B Cement company Correct Answer Incorrect Answer
    C Paper company Correct Answer Incorrect Answer
    D Garage company Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Job Costing or Job Order Costing means ascertaining the cost of a specific job.  It is used by industries that perform specific jobs related to the customized needs of the customers. Example – selling the contract of printing papers or construction industry, interior decoration, garage, etc.   Industries like sugar, cement, paper, etc. that perform jobs which are of similar nature and involve homogenous product use Batch costing.

    Practice Next
    ask-question