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Difference between batch costing and job costing?
Job CostingProcess Costing1. A Job is carried out or a product isproduced by specific orders. 2. Costs are determined for each job. 3. Each job is separate and independent ofother jobs.4. Each job or...
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What is the Batch Costing?
Batch costing means the cost of a product in which various rawmaterial is being used as input along with the labour involved & the electricity consumed in a batch.
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Advantages of batch costing?
I dont know John key
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What are Features of batch costing?
Batch costing1. It is a refinement of job costing.2. Here the unit of measurement is batch comprising of lots of similar units.3. Separate cost sheet are maintained for each batch of products by...
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What is job costing?
Job Costing is the art of breaking down the specific cost of a product or service that you provide. Fixed and variable cost play the most important role in this assessment. Fixed cost are overhead or...