暨南大学管理学院成本与管理会计课件 Chapter03.ppt

Chapter Three Learning Objective 1 Types of Product Costing Systems Types of Product Costing Systems Types of Product Costing Systems Types of Product Costing Systems Comparing Process and Job-Order Costing Quick Check ? Which of the following companies would be likely to use job-order costing rather than process costing? a. Scott Paper Company for Kleenex. b. Architects. c. Heinz for ketchup. d. Caterer for a wedding reception. e. Builder of commercial fishing vessels. Quick Check ? Which of the following companies would be likely to use job-order costing rather than process costing? a. Scott Paper Company for Kleenex. b. Architects. c. Heinz for ketchup. d. Caterer for a wedding reception. e. Builder of commercial fishing vessels. Learning Objective 2 Job-Order Costing – An Overview Direct Manufacturing Costs The Job Cost Sheet Measuring Direct Materials Cost Measuring Direct Materials Cost Measuring Direct Labor Costs Job-Order Cost Accounting Learning Objective 3 Why Use an Allocation Base? Manufacturing Overhead Application The predetermined overhead rate (POHR) used to apply overhead to jobs is determined before the period begins. The Need for a POHR Using a predetermined rate makes itpossible to estimate total job costs sooner. Actual overhead for the period is notknown until the end of the period. Application of Manufacturing Overhead Overhead Application Rate Job-Order Cost Accounting Job-Order Cost Accounting Interpreting the Average Unit Cost Quick Check ? Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the year was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53? a. $200. b. $350. c. $380. d. $730. Quick Check ? Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the year was $760,000 and estimated direct labor hours were 20