C12 _ProcessCosting

C12 _ProcessCosting - (WIP) inventory cannot simply...

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Q: What is New in Chapter 12? A: Process Costing
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Process Costing is Easy Instead of a product, make the Process your cost object Every so often, do this: Total Process Costs / Total Output [All DM + All DL + All MOH] / All Units Made
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Cost Each Process Picking - WIP Encapsulating - WIP Bottling - WIP Trans out Trans out Trans out DM DM DM DL DL DL OH OH OH
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Trouble with Process Costing Companies with sizable Work in Process
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Unformatted text preview: (WIP) inventory cannot simply compute: (Total Costs) / (Total Output) = Unit Cost Why Not? Equivalent Units of Production Assembly Line Total Costs Total Output Start Finish Equivalent Units is Surprisingly Complicated Jan. Feb. March Cost Output Cost Output Cost Output FIFO Equivalent Units is Surprisingly Complicated Jan. & Feb. March Cost Output Cost Output WAEU...
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This note was uploaded on 04/22/2008 for the course ACCT 2302 taught by Professor All during the Spring '08 term at Texas Tech.

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C12 _ProcessCosting - (WIP) inventory cannot simply...

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