jobcostingACC200sp2009

jobcostingACC200sp2009 - Chapter Objectives Job Costing,...

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Chapter Objectives – Job Costing, Process Costing and Operations Costing u Describe, comprehend, and contrast job costing, operations costing and process costing u Analyze the issues related to the measurement of direct materials, direct labor and overhead costs in job costing u Describe the necessity for allocating indirect product costs u Analyze the role of cost pools and cost drivers in overhead application u Compute a predetermined overhead rate u Apply overhead to work in process (WIP) u Calculate the cost of a product using job costing u Compute the amount of over or under applied overhead u Dispose of over or under applied overhead u Describe the use of equivalent units in process costing u Calculate the equivalent units of production using the first-in- first-out (FIFO) method u Calculate the cost of ending WIP and the cost of goods manufactured using process costing
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Management Decision Cycle FINANCING DECISIONS INVESTING DECISIONS OPERATING DECISIONS FUNDING OPERATING PROFIT INVESTMENTS
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Managerial Decisions u How do we determine the cost of the products or services being produced and sold by a company?
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This note was uploaded on 04/21/2009 for the course ACC 200 taught by Professor Buckless during the Spring '08 term at N.C. State.

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jobcostingACC200sp2009 - Chapter Objectives Job Costing,...

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