ppt课件-chapter3-processcostaccounting-wileyhome.pptVIP

Process Cost Accounting Job Order Cost System Process Cost Systems An accounting system used to apply costs: To similar products That are mass-produced In a continuous fashion Accumulating Manufacturing Costs- Same As In Job Order Assigning Material Costs Fewer requisition slips than in job order since materials are for a process rather than specific job. Materials usually added at beginning of first process - but sometimes added at other times. Assigning Direct Labor Labor cost per process obtained from payroll register or departmental payroll summaries. Assigning Manufacturing Overhead Objective in assigning manufacturing overhead to departments is to allocate on objective and equitable basis. Assigning Manufacturing Costs Transfer to Next Department At the end of period an entry is needed to record the cost of goods transferred out of the department. Transfer to Next Department Equivalent Units of Production A measure of the work done during the period, expressed in fully completed units. Weighted-average Method Method used to compute equivalent units of production which considers the degree of completion (weighting) of the units completed and transferred out and the ending work in process. Conversion Costs The sum of labor costs and overhead costs. Production Cost Report An internal report for management that shows both production quantity and cost data for a production department. Production Cost Report Physical Units Actual units to be accounted for during a period, irrespective of any work performed. Total Units (Costs) to Be Accounted for The sum of the units (costs) started (or transferred) into production during the period plus the units (costs) in process at the beginning of the period. Total Units (costs) Accounted for The sum of the units (costs) transferred out during the period plus the units (costs) in process at the end of the period. Unit Production Costs Costs expressed in terms of equivalent units of production. Unit Material