ppt课件-job-orderv.processcosting-jacksonvillestateuniversity.pptVIP

Chapter 3Process Costing Job-Order v. Process Costing Job-Order Costing Many jobs are worked on during each period, with each job having different production requirements. Costs are accumulated by job. The job cost sheet is the key document for accumulating costs. Units costs are computed by job on a job cost sheet. Process Costing A homogeneous product is produced on a continuous basis or for long periods of time. Costs are accumulated by department. The departmental production report is the key document showing the accumulation and disposition of costs. Unit costs are computed by department on production reports. Problem Information Problem Information (Continued) Calculation of Equivalent Units Equivalent Units Illustration - Mixing Equivalent Units Illustration –Mixing (alternative approach) Cost Per Equivalent Unit (EU) of Production Cost Per Equivalent Unit Illustration - Mixing Costs Accounted For Costs Accounted For Illustration - Mixing Equivalent Units Illustration - Packaging Equivalent Units Illustration – Packaging (alternative approach) Cost Per Equivalent Unit Illustration - Packaging Costs Accounted For Illustration - Packaging Production Report Format * Beginning Work-in-Process Inventory: Physical Units X = XXX 100% Started and Completed in Current Period: Physical Units X 100% = XXX Ending Work-in-Process Inventory: Physical Units X Percent of work completed in the current period = XXX XXX Equivalent Units of Production Beginning WIP: 10,000 x 100% = 10,000 Started Completed: 50,000 x 100% = 50,000 Ending WIP: 20,000 x 100% = 20,000 Equivalent Units 80,000 Materials Conversion Costs Beginning WIP: 10,000 x 100% = 10,000 Started Completed: 50,000 x 100% = 50,000 Ending WIP: 20,000 x 50% = 10,000 70,000 Units Completed: 60,000 x 100% = 60,000 Ending WIP: 20,000 x 100%