Specific Cost Method Definition

Specific Cost Method Definition:

Under this method specific cost of materials issued is charged to production. When materials are purchased for a particular job, they should be charged to that particular job at their actual cost. This method is suitable for job order industries which carry out individual jobs or contracts against specific orders. This method is impracticable to use if purchases and issues are numerous and the materials issued cannot be identified.

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  1. peter September 5, 2014

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