《会计学原理教学资料》Chapter_19.pptVIP

End of Chapter 19. * In addition to the proper signature authorizing the transfer of materials, the job number of the job where the material is to be used is noted on the requisition. * Materials requisitions are sequentially numbered just like checks in a checkbook This feature enhances the control of materials use. The requisition also contains a description of the material along with the inventory stock number. * When material is transferred from the materials storage facility, an accounting entry is made to reduce the material inventory balance. The materials requisition is the source document supporting the accounting entry, which we will see in a subsequent slide. * The materials ledger card is a perpetual inventory record of the material M-347. This record may be a paper record, but most likely it is a computerized file. Here we see that $225 of material M-347 has been issued on materials requisition R4705. This entry on the ledger card reduces the inventory balance from $675 to $450. * Here we see the summary information for the material used on job B15 entered on the job cost sheet. If additional information about this material is needed, it can be found on materials requisition R4705. * Labor cost entered on the job cost sheet is summarized from an employee’s time ticket. * Production managers use labor time tickets to assign labor costs to individual jobs. In addition to the proper signature authorizing the labor cost assignment, the time ticket includes labor time, rate, job number, date, and employee identification. Labor time tickets are the source documents supporting the payroll accounting entries. * Here we see the summary information for the labor cost of job B15 entered on the job cost sheet. If additional information about the labor cost is needed, it can be found on time ticket L3479. This will generate an accounting entry (to be shown later). * Overhead is an indirect manufacturing cost that includes all production costs other th