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Certificate in Job Costing

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Job Costing


About Job Costing
Job costing is a costing method used to determine the cost of specific jobs, which are performed according to the customer’s specifications. It is a basic costing method which is applicable where work consists of separate projects or contract jobs.

Job costing, also called project-based accounting is the process of tracking costs and revenue for each individual project. Job costing looks at each project in detail, breaking down the costs of labour, materials and overhead. It makes fewer assumptions than other costing methods.

Why is Job Costing important?
 Advantages of job costing
•    Profitability for each job can be individually determined
•    Provides a detailed cost analysis of materials, labour and overheads for each job as and when required
•    The efficiency of the plant can be controlled by confining attention to costs relating to individual jobs.
•    Helps in preparation of estimates
•    Comparison of actual cost with estimated cost and calculation of variances.
•    Helps in identifying unprofitable jobs
•    Helps in providing a precise quotation for a product

Who should take the Job Costing Exam?
•    Finance or costing professionals
•    Business owners
•    Entrepreneurs
•    Innovators
•    Anyone who wants to assess their job costing skills
•    Finance or costing managers and senior executives
•    Job costing consultants
•    Professionals working in outsourced companies responsible for costing
•    Any professional with skills and knowledge on job costing
•    Anyone interested in job costing
•    Students

Job Costing Certification Course Outline

1. Material Cost
2. Labour Cost
3. Direct Expenses and Overheads
4. Job Costing


Certificate in Job Costing FAQs

The result will be declared immediately on submission.

It will be a computer-based exam. The exam can be taken from anywhere around the world.

You have to score 25/50 to pass the exam.

No there is no negative marking

There will be 50 questions of 1 mark each

You will be required to re-register and appear for the exam. There is no limit on exam retake.

You can directly go to the certification exam page and register for the exam.