Answer :
Cost accounting has to do with how much it costs to produce a thing. It aids businesses in cost management, planning, and decision-making that increases cost effectiveness.
What is job order costing?
Cost accounting systems include job-order costing and process costing. The cost of goods or services offered is calculated using job order costing. Contrarily, process costing is used to calculate a product's cost at each stage of production.
Accounting that tracks costs and receipts by "job" and facilitates uniform reporting of profitability by work is known as "job costing." An accounting system must enable the assignment of job numbers to specific expenditures and revenue items in order to support job costing.
Job order costing is a method of costing in which the costs of every product or job are traceable. Process costing is a costing method where costs are calculated based on the number of equivalent units generated when a product is mass produced.
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