This product or service is called a deliverable. Where appropriate, you can record information about the deliverables in your project. Tip: This article is part of a series of articles within the Project Map that describe a broad set of project management activities.
Kâs Premier Cabinets uses job costing to calculate the cost of jobs as they are completed. The company estimates that it will have $1,250,000 in overhead costs in 2015. The company believes that employees will work 200,000 hours and that 150,000 machine hours will be used during 2015.
Examples of this include the manufacture of erasers, chemicals or processed. food. In process costing it is the process that is costed (unlike job costing where. each job is costed separately). The method used is to take the total cost of the. process and average it over the units of production.