The treatment of spoilage in job costing
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Video Overview
Job costing involves dividing the total manufacturing costs between the particular jobs in the factory. A job is defined as a group (number of units) of similar products that are manufactured as a batch. The cost for a job is the actual direct materials cost, plus the actual direct labour cost, plus the applied factory overheads allocated according to a predetermined overhead rate. In the manufacturing process there is no guarantee that all the units produced will be saleable. The units produced that are not of a high enough quality to be sold which are discarded, are known as wastage or spoilage. In this tutorial we will focus on the treatment of spoilage in job costing.
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