Job costing is a critical accounting technique used by businesses to calculate the cost of individual projects or jobs. This method is especially popular in manufacturing or construction industries where the cost of each product or project can vary significantly. By using job costing, businesses can determine the profitability of each job and adjust pricing and resources accordingly. This technique enables businesses to have better control over their projects, as they can track the cost of labor, materials, and other resources used in each project. In addition, job costing can help businesses identify inefficiencies and areas for improvement. Overall, job costing is an essential tool for businesses that want to optimize their profits and manage their resources effectively.