What is Job Order Costing? Definition & How to Calculate
Process costing, on the other hand, is used when companies offer a more standardized product. No matter who the customer is, they all end up receiving the same product. Madis is an experienced content writer and translator with a deep interest in manufacturing and inventory management. Combining scientific literature with his easily digestible writing style, he shares his industry-findings by creating educational articles for manufacturing novices and what is an average collection period experts alike. Luckily, job order costing is an essential functionality in every ERP/MRP system worth its salt.…
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