Describe the seven steps of job costing?
(1) identify the job that is the chosen cost object,
(2) identify the direct costs of the job
(3) select the cost-allocation bases to use for allocating indirect costs to the job,
(4) identify the indirect costs associated with each cost-allocation base,
(5) compute the rate per unit of each cost-allocation base used to allocate indirect costs to the job,
(6) compute the indirect costs allocated to the job,
(7) compute the total cost of the job
by adding all direct and indirect costs assigned to the job.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.