Job costing approach

There are typically seven general steps used in assigning costs to individual jobs under the job costing approach. This approach is commonly used in manufacturing, merchandising, and service-related functions in business today.

Select a job that you would like to use as part of this assignment.

Write a 1-2 page paper describing the seven-step approach to job costing and how you would use each step to detail the job costing approach.

Include in your paper a description of each step and how it would help with tracking the costs associated with the job.

 

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