MGMT201(Ganguly)Lecture_7

MGMT201(Ganguly)Lecture_7 - MGMT 201 (Ganguly) Lecture 7...

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Unformatted text preview: MGMT 201 (Ganguly) Lecture 7 Process Costing 7 Chapter Four Job-order costing Job-order costing Costs accumulated by Costs accumulated by the the job job . . Work in process has a Work in process has a job-cost sheet for each job-cost sheet for each job job . . Many unique, Many unique, high cost high cost jobs. jobs. Jobs built to Jobs built to customer customer order. order. Process costing Process costing Costs accumulated by Costs accumulated by department or department or process process . . Work in process has a Work in process has a production report for production report for each batch of each batch of products products . . A few identical, A few identical, low cost low cost products. products. Units Units continuously continuously produced for inventory produced for inventory in automated process. in automated process. Comparison of Job-Order Comparison of Job-Order Costing and Process Costing Costing and Process Costing Direct Labor Other...
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MGMT201(Ganguly)Lecture_7 - MGMT 201 (Ganguly) Lecture 7...

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