Chapter 4-Summary

Chapter 4-Summary - selected cost driver o Calculate the...

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Chapter 4-Job Order Costing Job order costing vs process costing Costing Approaches: Actual, Normal, & Standard Tracing Direct costs to job orders Allocation of Indirect costs to job orders o Estimate total MOH for next year o Choose the appropriate cost driver ‘cost allocation base’ and make estimation of the
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Unformatted text preview: selected cost driver o Calculate the overhead allocation rate (estimated MOH/estimated cost driver) o Allocate MOH to jobs (MOH allocation rate X Actual usage) o Make year-end adjustments in CGS Proration between CGS, WIP, FG • Distinguish between A single wide rate & departmental rates....
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