cost accounting hmcost1e_ppt_ch06讲义教材.pptVIP

? 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 6-* Introduction to Cost Accounting Maryanne M. Mowen and Don R. Hansen 6-* Basic Operational and Cost Concepts 1 An Operational Process System: Antihistamine Manufacturing 6-* Basic Operational and Cost Concepts 1 Comparison of Cost Accumulation Methods 6-* Basic Operational and Cost Concepts 1 Process Cost Flows Illustrated Using T-Accounts: No Ending WIP 6-* Basic Operational and Cost Concepts The production report is the document that summarizes the manufacturing activity that takes place in a process department for a given period of time 1 Unit Information Units to account for Units accounted for Cost Information Costs to account for Costs accounted for 6-* Basic Operational and Cost Concepts 1 Basic Features of a Process-Costing System 6-* Process Costing with No Work-In-Process Inventories Services that are homogeneous and repetitively produced can use the process-costing approach. Examples: check processing in a bank, changing oil, dental cleaning, surgical procedures 2 6* Process Costing with No Work-In-Process Inventories JIT manufacturing firms minimize inventories and strive to reduce work-in-process inventories to insignificant levels. Emphasizes continuous improvement and the elimination of waste 2 6-* Process Costing with Ending Work-In-Process Inventories Equivalent units of output: the complete units that could have been produced given the total amount of productive effort expended for the period under consideration 3 6-* Process Costing with Ending Work-In-Process Inventories Cost of Production Report Analysis of the flow of physical units Calculation of equivalent units Computation of unit costs Valuation of inventories (goods transferred out and ending work in process) Cost reconciliation 3 6-* FIFO Costing Method Under the FIFO costing method, the equivalent units and manufacturing