Job Costing for Improved Profitability

Job costing, a direct requirement for the SF 1408, involves the gathering of the costs of materials, labor, and overhead associated with a particular job. It is needed for the incurred cost proposal and provides an excellent tool for tracing specific costs to individual jobs and scrutinizing them to determine if the costs can be reduced in future jobs, and vice versa, to see if any excess costs incurred can, in turn, be billed to a customer. This course will identify the requirements of job costing, review the advantages, and show you how to use job costing to improve your company’s profitability.

Target Audience: Small business owners, accountants, contract managers