Assignment 3.2 Video Notes.docx - Video Notes “Most of the...

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Video Notes“Most of the costs are films are are labor costs and those costs are captured through a job costsystem whether the project is you know a very early stage of of just being conceptualized orwhether it's actively in production each particular person is charging through a timesheetprocess to a certain job was costs are collected various categories of Labor.”For manufacturers that make batches of unique and customized products, costs are oftentracked and reported by each individual job order. Job cost accounting systems use aprofessional inventory approach to track the specific ongoing costs of creating product.“but we gotta cut order is issued for just a ticket which goes out to manufacture certain numberof fillers so that got tickets goes to the cutting Department which is where the public so he goesto the inventory and they released a certain amount of traffic for him to come so when she cutsit he scans into his computer and there's terminal how much fabric you cut so that then getsautomatically taken off from inventory. once you cut it in the right sizes and pieces and so on hepasses it onto the printing Department and they scan it in as having been received we usuallycome in so you bought my bundles as a 24 pieces in one bundle so then that one will getscanned in the printing Department they printed when it gets from the printing side to the soinside exam this candidate so you know at each step of the process how much material do youhave handled how much you receive how much you listen now to you know you waste howmuch you lost in the process you know also how long it took you because you have the laborfactors for those things so once you get into selling again the same thing happened with so itinto pillow covers and then it goes out of showing against and then it goes into the glowingDepartment and then comes out of there they scan how many kills it through so it's a tract ofinformation from the very beginning of the process to the end until it gets either put intoinventory as finished goods or it gets shipped out of the door and then it becomes a sale so thatinformation gets captured on a real time basis”Job order cost accounting tracks the specific costs of producing each job and is commonly usedin construction, printing, machine shop, and custom furniture businesses. When a job is begunit is assigned a job number and all costs associated with that job are recorded together on someform of job cost sheet.

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Term
Spring
Professor
N/A
Tags
Cutting Department

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