Job costing is defined as a method of recording the costs of a manufacturing job, rather than process. With job costing systems, a project manager or accountant can keep track of the cost of each job, maintaining data which is often more relevant to the operations of the business.
Batch cost is the cluster of costs incurred when a group of products or services are produced, and which cannot be identified to specific products or services within the group. For cost accounting purposes, it may be considered necessary to assign the batch cost to individual units within a batch
the following are difference between job costing and batch costing:
Job costing is carried out or product is produced by specific order while in batch costing the process of producing the product has the continous flow and the product is homogeneous.
Job costing is determined for each job while batch costing is compiled on time basis
In job costing each job is separate and independent of other jobs while in batch costing products lose their individuality as they are manufactured in the continous flow