Questions:
1. Discuss the nature, purposes and procedures adopted in job order cost system.
2. Discuss the importance of estimating in job costing.
3. How the different costs are recorded in job costing?
4. What do you understand by ‘Batch' type of industries? What are the basic principles of batch costing?
5. What are the main features of job order costing? Give a pro-forma cost sheet under this cost system.
6. Explain the nature and use of batch costing. Describe the concept of economical batch with the help of a simple formula.
7. Discuss the nature and use of batch costing. Describe the procedure of recording costs under batch costing.