Đang chuẩn bị nút TẢI XUỐNG, xin hãy chờ
Tải xuống
Chapter 3 - Process cost accounting. After studying this chapter, you should be able to: Understand who uses process systems; explain the similarities and differences between job order cost and process cost systems; explain the flow of costs in a process cost system; make the journal entries to assign manufacturing costs in a process cost system;. | John Wiley & Sons, Inc. Prepared by Karleen Nordquist The College of St. Benedict. and St. John’s University Managerial Accounting Weygandt, Kieso, & Kimmel Chapter 3 Process Cost Accounting After studying this chapter, you should be able to: 1 Understand who uses process systems. 2 Explain the similarities and differences between job order cost and process cost systems. 3 Explain the flow of costs in a process cost system. 4 Make the journal entries to assign manufacturing costs in a process cost system. Chapter 3 Process Cost Accounting After studying this chapter, you should be able to: 5 Compute equivalent units. 6 Explain the four steps necessary to prepare a production cost report. 7 Prepare a production cost report. Chapter 3 Process Cost Accounting Preview of Chapter 3 Nature of Process Cost Systems Uses Similarities and Differences Process Cost Flow Assignment of Manufacturing Costs Equivalent Units Weighted-Average Method Refinements Production Cost Report PROCESS . | John Wiley & Sons, Inc. Prepared by Karleen Nordquist The College of St. Benedict. and St. John’s University Managerial Accounting Weygandt, Kieso, & Kimmel Chapter 3 Process Cost Accounting After studying this chapter, you should be able to: 1 Understand who uses process systems. 2 Explain the similarities and differences between job order cost and process cost systems. 3 Explain the flow of costs in a process cost system. 4 Make the journal entries to assign manufacturing costs in a process cost system. Chapter 3 Process Cost Accounting After studying this chapter, you should be able to: 5 Compute equivalent units. 6 Explain the four steps necessary to prepare a production cost report. 7 Prepare a production cost report. Chapter 3 Process Cost Accounting Preview of Chapter 3 Nature of Process Cost Systems Uses Similarities and Differences Process Cost Flow Assignment of Manufacturing Costs Equivalent Units Weighted-Average Method Refinements Production Cost Report PROCESS COST ACCOUNTING Preview of Chapter 3 Comprehensive Example of Process Costing Physical Units Equivalent Units of Production Unit Production Costs Cost Reconciliation Schedule Production Cost Report PROCESS COST ACCOUNTING Understand who uses process systems. Study Objective 1 The Nature of Process Cost Systems Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. In a process costing environment, finished units are normally indistinguishable from each other. Explain the similarities and differences between job order cost and process cost systems. Study Objective 2 Job Order versus Process Cost Systems In a job order cost system, costs are assigned to each job. In a process cost system, costs are tracked through a series of connected manufacturing processes or departments, rather than by individual jobs. Thus, process cost systems are used when a large volume of uniform, or relatively homogeneous, products are produced. Job Order
