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Unformatted text preview: Learning Hi Linda, The accumulation of costs is the same in both systems. Both costing systems track the three manufacturing cost elements: direct materials, direct labor, and manufacturing overhead. Costs are assigned to the same general ledger accounts in both costing systems. However, the methods of assigning the costs differ significantly. The number of work in process accounts Job Order - one work in process account, Process - multiple work in process accounts. Documents used to track costs Job Order - job cost sheets Process - production cost reports, just to name a few. Good post. Jack Jack...
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This note was uploaded on 07/16/2011 for the course COST ACCOU 410 taught by Professor David during the Fall '10 term at Kaplan University.
- Fall '10