TAILIEUCHUNG - Lecture Fundamentals of cost accounting (4th edition): Chapter 7 - Lanen, Anderson, Maher

(BQ) Chapter 7: Job costing. After studying this chapter you should be able to explain what job and job shop mean. Assign costs in a job cost system. Account for overhead using predetermined rates. Apply job costing methods in service organizations. Understand the ethical issues in job costing, and describe the difference between jobs and projects. | © 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. Fundamentals of Cost Accounting, 4th edition Lanen/Anderson/Maher Job Costing Chapter 7 Chapter 7: Job Costing In Chapter 6, we developed the basics of a cost management system designed to report the costs of products and services. In this chapter we describe a job costing system used in many service and discrete manufacturing settings. Learning Objectives LO 7-1 Explain what job and job shop mean. LO 7-2 Assign costs in a job cost system. LO 7-3 Account for overhead using predetermined rates. LO 7-4 Apply job costing methods in service organizations. LO 7-5 Understand the ethical issues in job costing. LO 7-6 Describe the difference between jobs and projects. After studying this chapter you should be able to explain what job and job shop mean. Assign costs in a job cost system. Account for overhead using predetermined rates. Apply job costing methods in service organizations. Understand the ethical issues in job costing, and describe the difference between jobs and projects. Defining a Job LO 7-1 Explain what job and job shop mean. LO 7-1 Unit of a product that is easily distinguishable from other units Firm that produces jobs A job is an easily distinguished cost object for which a cost is desired. A job shop is a firm that produces jobs. Using Accounting Records in a Job Shop LO 7-1 A job cost sheet is a record of the cost of the job kept in the accounting system. A subsidiary ledger account is an account that records financial transactions for each specific job. For example, costs of Job 1, Job 2, and Job 3 would be recorded separately in the subsidiary ledger. A control account is the account in the general ledger that summarizes a set of subsidiary ledger accounts. In other words, the .

• Kế toán - Kiểm toán
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Management control systems
• Job costing
• Decision making
• Cost concepts and behavior
• Cost volume profit analysis
• Cost estimation
• Fundamentals of product
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Value chain
• Costs for decision making
• Cost versus expenses
• Cost management
• Principles of cost accounting
• Accounting for materials
• Accounting for labor
• Factory overhead
• Process cost accounting
• Accounting income
• Divisional income
• Ebook Cost accounting
• Organizational cost flows
• Activity based cost systems for management
• Job order costing
• Joint cost allocation
• Service costing
• Service department