暨南大学管理学院成本与管理会计课件 Chapter04.ppt

Chapter Four Similarities Between Job-Order and Process Costing Differences Between Job-Order and Process Costing Processing Departments Learning Objective 1 Comparing Job-Orderand Process Costing Comparing Job-Orderand Process Costing Comparing Job-Orderand Process Costing T-Account and Journal Entry Views of Cost Flows Process Cost Flows(in T-account form) Process Cost Flows(in journal entry form) Process Cost Flows(in T-account form) Process Costing(in journal entry form) Process Cost Flows(in T-account form) Process Costing(In journal entry form) Process Cost Flows(in T-account form) Process Costing(in journal entry form) Process Cost Flows(in T-account form) Process Costing(in journal entry form) Process Cost Flows(in journal entry form) Process Costing(in journal entry form) Equivalent Units of Production Equivalent Units – The Basic Idea Quick Check ? Quick Check ? Calculating Equivalent Units Learning Objective 2 Equivalent Units of ProductionWeighted-Average Method Treatment of Direct Labor Treatment of Direct Labor Weighted-Average Example Double Diamond Skis reported the following activity in Shaping and Milling Department for the month of May: Weighted-Average Example The first step in calculating the equivalent units is to identify the units completed and transferred out of the Department in May (4,800 units) Weighted-Average Example The second step is to identify the equivalent units of production in ending work in process with respect to materials for the month (160 units) and add this to the 4,800 units from step one. Weighted-Average Example Weighted-Average Example Weighted-Average Example Weighted-Average Example Learning Objective 3 Compute and Apply Costs Beginning work in process: 200 units Materials: 55% complete $ 9,600 Conversion: 30% complete 5,575 Production started during May 5,000 units Production completed during May 4,800 units Costs added to production in May Materials cost