西方管理会计学ManagerialAccounting02.pptVIP

Indirect materials and indirect labor are parts of manufacturing overhead. Other overhead costs are charged to the manufacturing overhead account, as incurred. The predetermined overhead rate is used to apply manufacturing overhead costs to jobs. 2-* Learning objective number 4 is to prepare journal entries to record costs in a job-order costing system. 2-* Learning objective number 7 is to use T-accounts to show the flow of costs in a job-order costing system. 2-* Now, let’s examine the transactions in T-account and journal entry form that capture the flow of costs in a job-order costing system. 2-* Part I Here is a T-account approach to looking at the cost flows in a job-order cost system. When raw materials are purchased, they are debited to the raw materials inventory account and credited to accounts payable (not shown). Part II The cost of direct material requisitions is debited to Work in Process and added to the job cost sheet, which serves as a subsidiary ledger. Part III The manufacturing overhead account is debited and the raw materials inventory is credited for the indirect materials used. 2-* Here is an example of the general journal entry to record the purchase of raw materials on account. We debit raw materials and credit accounts payable. 2-* When materials are requisitioned from raw materials inventory, we debit work in process (job cost sheet) for direct materials, and we debit manufacturing overhead for indirect materials. 2-* Part I Wages and salaries are initially recorded in a payable account. Part II Direct labor is charged to work in process inventory through the Job-Cost Sheet. Indirect labor is charged to manufacturing overhead. 2-* Here is an example of the entry to charge direct and indirect labor to the work in process inventory account and the manufacturing overhead account. 2-* Other actual manufacturing overhead costs are debited to Manufacturing Overhead. The credit side of the entry is the various liability acco