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department costingCHAPTER3LEARnInGLEARnInG Objectives
OBJECTIvESAfter studying Chapter 3, you should be able to:
1Distinguish between process costing and job order costing2Identify
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What is job-order and service?
Job-order and service are documents used to request and schedule work to be done by an individual or company.
Who is required to file job-order and service?
Employers and businesses that need to contract services or order specific jobs are required to file job-order and service forms.
How to fill out job-order and service?
Job-order and service forms typically require information about the requested work, deadlines, payment terms, and contact information for both parties.
What is the purpose of job-order and service?
The purpose of job-order and service forms is to clearly outline the scope of work, terms of agreement, and expectations for both parties.
What information must be reported on job-order and service?
Information such as the description of work, quantity, unit price, total cost, deadlines, payment terms, and contact information must be reported on job-order and service forms.
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