--%>
Assignment Help - homework help

Describe JOC in accounting

Describe JOC in accounting?

E

Expert

Verified

JOC means Job Order Costing and it is a portion of Cost Accounting.

The job order costing system is employed whenever a job or batch is appreciably distinct from other batches or jobs. The cost accounting is generally fairly simple in such systems. The Labor and materials are entered on a job ticket. Overhead is generally added to the amount the customer will be charged for materials and labor.

   Related Questions in Financial Accounting

  • Q : Real gross profit ratio and standard

    Is real gross profit ratio is bigger than standard gross profit ratio?

    		•
  • Q : Case study of an Operational-Strategy

    Develop a case study of the Operational-Strategy interface as it applies to organisational change (last 3-5 years) within your organisation, together with a project implementation case study .You are required to detail the operational chan

    		•
  • Q : What is Corporate Social Responsibility

    Corporate Social Responsibility directly states that every company is responsible towards the society and the environment. So this is a duty of every company to create eco-friendly new products. In the current scenario when the fuel prices are increas

    		•
  • Q : Accounting Treatment of Expenditures

    Describe the term Accounting Treatment of Expenditures? Why it is used.

    		•
  • Q : Explain accounting equation in brief..

    what is accounting equation? explain accounting equation and explain its importance?

    		•
  • Q : Euro-medium-term-note market State

    State difference between the Euro-medium-term-note market, the Euro note market, and the Euro commercial paper market?

    		•
  • Q : Trading A CD/$ bank trader is presently

    A CD/$ bank trader is presently quoting a small figure bid-ask of 35-40, while rest of the market is trading at the CD1.3436-CD1.3441.  Specify what all is implied about trader’s beliefs by his prices?

    		•
  • Q : Policy issued by upper management What

    What would you do when upper management issues a new policy and it was problematic to you? Would you pursue the new policy?

    		•
  • Q : Define sales budget Give a short

    Give a short introduction of the term “sales budget”? While preparing the sales budget what are the factors which can be taken?

    		•
  • Q : DM/S$ currency versus currency bid-ask

    Provided the given information, state the DM/S$ currency versus the currency bid-ask quotations? Bank Quotations              American Terms        

    		•