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1. How can management utilize job cost data in making decisions? 2. List three areas where...

1. How can management utilize job cost data in making decisions?
2. List three areas where management can use job cost data to make better decisions.
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Answer #1

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job costing is that form of specific order costing which applies where work is undertaken to customers specific requirements and each order is of comparatively of short duration

job costing can be used for future production planning,helps to choose profitable projects ,helps for comparison,identify the trend of cost.By analysing these,the management can take proper decisions for future.job costing is used in both manufacturing as well as non manufacturing enterprises which manufactures goods against specific orders.

2

machine tool manufacturing

garment manufacturing

repairing units

general engineering workshops,automobiles etc

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