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.
Costing systems helps companies determine the cost of a product related to the revenue it generates. Two common costing systems used in business are traditional costing and activity-based costing.Traditional costing assigns manufacturing overhead based on the volume of a cost driver, such as the amount of direct labor hours needed to produce an item.osting systems helps companies determine the cost of a product related to the revenue it generates. Two common costing systems used in business are traditional costing and activity-based costing.