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Costing methods

Forums › FIA Forums › MA2 Managing Costs and Finance Forums › Costing methods

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by maximus07.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 9, 2021 at 7:41 am #627261
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Question 1
    Is batch costing customer-driven? Or a batch order by a customer is considered as job costing?
    Question 2:
    Please explain specific order costing and continuous operation costing. I am unable to get from book or any other source.

    July 9, 2021 at 6:17 pm #627294
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Q1 Batch costing could be job costing as the customer could order a batch of goods. Alternatively, it might not be and the company’s production methods mean that batches of items are inevitably produced rather than single items.

    July 9, 2021 at 6:18 pm #627295
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Q2 Specific order costing = job costing.

    Continuous operation costing = process costing.

    July 10, 2021 at 5:54 am #627312
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Thank you sir

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    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Costing methods’ is closed to new replies.

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