Job Costing: Definition, Calculation, and Benefits

Running Head: JOB COSTING
JOB COSTING

Running Head: JOB COSTING
Table of Contents
Job costing.................................................................................................................. 3
Question 1..................................................................................................................... 3
Question 2..................................................................................................................... 4
Question 3..................................................................................................................... 5
Question 4..................................................................................................................... 6
Question 5..................................................................................................................... 7
Question 6..................................................................................................................... 8

Running Head: JOB COSTING
Job costing
The job order costing is a cost framework otherwise called the activity costing framework is
utilized when the items are driven by or made according to the requirements of the client. Every
item created is considered as an occupation. The activity request cost framework must catch and
track expenses of creating each activity to guarantee the reasonability, which incorporates
materials, work, and overhead in an assembling domain (Zahller, 2017).
Question 1
Particulars
31st may 2019
During June
2019
Estimated overhead (in $)
$
3,300,000
$
288,000.00
Estimated allocation base
$
73,000
$
6,000.00
Predetermined overhead rate (in
$)
$
45.21
$
48.00
L15-005
$
118,700
$
55,000
$
173,700
L15-006
$
78,000
$
50,400
$
128,400
Total
$
196,745
$
105,448
$
302,193