job costing


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Job Costing

The process by which a construction company determines the expenses associated with a particular work order. For example, if a company is asked for a quote to build a parking lot, it first must conduct job costing for labor, materials and so forth to ensure that it is able to produce a profit. It is a type of managerial accounting. See also: Process costing.

job costing

see PRODUCT COSTING.
References in periodicals archive ?
Plexxis Software has announced a higher level in building automation by integrating job costing with quantities control in the Drywall ERP construction estimating software and building management software solution.
On the one hand, job costs are not real because they are contrived through any number of impossible accounting assumptions and cost allocation schemes, so much so that even the Institute of Management Accountants admitted years ago that traditional job costs and job costing should be abandoned.
Since implementing the MIS in 2009, we have been capturing job costing data and we can clearly identify the markets we want to target and the equipment that we need to do that.
This simulation embodies these strategies by allowing students to design and build products in a manufacturing environment following the product from design through completion and sale using a job costing methodology.
2 boasts real-time job costing and reporting, an internal employee calendar, and a new call-center module to help facilitate call load.
Using a keypad or barcode scanner, employees can clock on and off or track job costing data," he says.
The ability to track expenses and profitability using job costing also helps Washington prepare new business quotes that protect her profit margin.
has released the TASCON[TM] Business Analyst, a Web based tool for business valuation, deal structuring, financial analysis and job costing.
A system that automatically uses existing payroll data in Job Costing Reports is very important as it leads to greater efficiencies and values.
It is designed to automate the front-office and job costing business processes for professional services organisations such as creative agencies, architects practices and IT service businesses.
We found no other solution that could provide the remote connectivity, job costing, labor distribution and job billing capabilities we needed.