{"id":208,"date":"2018-04-16T22:19:19","date_gmt":"2018-04-16T22:19:19","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/?post_type=chapter&#038;p=208"},"modified":"2024-04-29T16:49:24","modified_gmt":"2024-04-29T16:49:24","slug":"introduction-to-the-job-order-cost-accounting-system","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/chapter\/introduction-to-the-job-order-cost-accounting-system\/","title":{"raw":"Introduction to Job Order Costing","rendered":"Introduction to Job Order Costing"},"content":{"raw":"<h2>What you'll learn to do:\u00a0Examine the job order cost accounting system<\/h2>\r\n<img class=\"wp-image-1947 size-medium alignright\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2985\/2018\/04\/20204503\/piotr-krzyzanowski-690545-unsplash-300x200.jpg\" alt=\"A group of women discussing reports.\" width=\"300\" height=\"200\" \/>\r\n\r\nJob order costing is used when many different products with different features are produced during a particular period. This process allows companies to allocate all of the costs incurred in a business, whether direct or indirect to jobs. We will discuss service and manufactured jobs, and follow a couple jobs from the beginning to end.\r\n\r\nWe will discuss the meaning of absorption costing, and how it helps businesses to see a clearer picture when figuring out prices for the products or services they offer.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0Examine the job order cost accounting system<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1947 size-medium alignright\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2985\/2018\/04\/20204503\/piotr-krzyzanowski-690545-unsplash-300x200.jpg\" alt=\"A group of women discussing reports.\" width=\"300\" height=\"200\" \/><\/p>\n<p>Job order costing is used when many different products with different features are produced during a particular period. This process allows companies to allocate all of the costs incurred in a business, whether direct or indirect to jobs. We will discuss service and manufactured jobs, and follow a couple jobs from the beginning to end.<\/p>\n<p>We will discuss the meaning of absorption costing, and how it helps businesses to see a clearer picture when figuring out prices for the products or services they offer.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-208\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Job Order Costing. <strong>Authored by<\/strong>: Freedom Learning Group. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>business meeting. <strong>Authored by<\/strong>: Piotr Krzyzanowski. <strong>Provided by<\/strong>: Unsplash. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/unsplash.com\/photos\/tXp6wxNgxKY\">https:\/\/unsplash.com\/photos\/tXp6wxNgxKY<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":62559,"menu_order":5,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Job Order Costing\",\"author\":\"Freedom Learning Group\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"business meeting\",\"author\":\"Piotr Krzyzanowski\",\"organization\":\"Unsplash\",\"url\":\"https:\/\/unsplash.com\/photos\/tXp6wxNgxKY\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"b75a49e5-0fe6-4e11-91a9-13cdfc49f70c, ","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-208","chapter","type-chapter","status-publish","hentry"],"part":105,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/users\/62559"}],"version-history":[{"count":9,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/208\/revisions"}],"predecessor-version":[{"id":3114,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/208\/revisions\/3114"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/parts\/105"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/208\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/media?parent=208"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapter-type?post=208"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/contributor?post=208"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/license?post=208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}