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job-order costing

[job-awr-der] /ˈdʒɒbˌɔr dər/
noun
1.
a method of cost accounting by which the total cost of a given unit or quantity is determined by computing the costs that go into making a product as it moves through the manufacturing process.
Also called job costing.
Compare process costing.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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