1. Enter Costs for Each Job
2. Set Profit Markup
20%
Scenario: "Artisan Custom Cakes" is a bakery specializing in unique, made-to-order cakes and desserts. They've just received three new custom job requests. This app will help you understand how they might calculate the costs and selling prices for each job.
Job Costing Explained: Job costing is a method used to determine the cost of specific jobs or projects. It involves tracking direct costs (like materials and labor) for each unique job. Once the total cost is calculated, a business can add a profit markup to determine the selling price.