Chapter 3 outline

Chapter 3 outline - Chapter 3: 1. Differences between...

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Chapter 3: 1. Differences between Process Costing and Job Costing 2. Flow of Production • Raw Materials Work in Process • Finished Goods • Cost of Goods Sold 3. Using a Job Cost Record to Accumulate Job Costs • Tracing direct materials to a job • Tracing direct labor to a job 4. Manufacturing Overhead (MOH) • Estimate total MOH cost at beginning of year • Select allocation base and estimate total • Calculate MOH rate • Allocate MOH to jobs 5. Completing the Job Cost Record and Using it to Make Business Decisions 6. Over- or underallocated MOH • Compare actual MOH costs incurred to MOH allocated to jobs
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This note was uploaded on 12/06/2011 for the course ACCT 2020 taught by Professor Lui during the Fall '08 term at North Texas.

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Chapter 3 outline - Chapter 3: 1. Differences between...

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