Unformatted text preview: environment, Technical – compute cost of goods manufactured and cost of goods sold for a manufacturing company, preparation of income statements, calculate costs of different types of inventory accounts. Chapter 3 Theoretical – types of productions systems, specifics about job-order costing, concept of predetermined overhead, the benefit of using multiple overhead rates compared to one company-wide overhead rate Technical – compute predetermined overhead, apply overhead to a job, determine over/under-applied overhead, close overhead either directly to CGS or on an allocation basis, determine product cost using a job-order costing system....
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- Winter '08
- multiple overhead rates, company-wide overhead rate