AFM102January282011

AFM102January282011 - Introduction to Management Accounting...

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Click to edit Master subtitle style 5/11/11 © Anthony Atkinson Introduction to Management Accounting January 28, 2011 Job Order Costing 11
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5/11/11 © Anthony Atkinson Key Topics in Today’s Class Job order costing Accumulating direct costs for each job Allocating indirect costs to each job 22
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5/11/11 © Anthony Atkinson Job Order Costing A job order costing system accumulates the costs of manufacturing a product for a specific customer order Used to accumulate costs for a unique cost object Examples Visiting the dentist 33
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5/11/11 © Anthony Atkinson 44
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5/11/11 © Anthony Atkinson Need for Job Order Costing Products may differ Materials content Hours of labor required Machine time required Demand placed on support activity resources (i.e., manufacturing overhead) Special customer needs that require customized production 55
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5/11/11 © Anthony Atkinson The Process 66
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© Anthony Atkinson Job Cost Sheet Components Assigned Direct
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This note was uploaded on 05/11/2011 for the course AFM 102 taught by Professor R.ducharme during the Spring '09 term at Waterloo.

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AFM102January282011 - Introduction to Management Accounting...

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