大学会计英语课件陈庆柏 主编978 7 81134 917 7unit 11.pptVIP

Paraphrase the following esp. the underlined parts A file of job-cost records for particularly computed jobs provides supporting details for the work-in-process inventory account. Each company designs its own accounting system to fit its underlying production activities. Some companies use hybrid costing systems, which are blends of ideas from both job costing and process costing. Questions for Unit 11 This is the end of Unit 11 Thank you for your attention 陈庆柏 王景仙 主编 Unit Eleven Job and Process Costing Systems Warming-up Questions What’s the function of job-cost record? How do you distinguish between job-costing and process-costing? Suggested Answers What’s the function of job-cost record? A job-cost record (job-cost sheet, job order) is a document that shows all costs for a particular product, service, or batch of products. Suggested Answers How do you distinguish between job-costing and process-costing? Though job-order costing (job costing) and process costing are all the most common systems of product costing, there are some differences between them. Job-order costing (or simply job-costing) allocates costs to products that are readily identified by individual units or batches, each of which requires varying degrees of attention and skill. Industries that commonly use job-costing methods include construction, printing, aircraft, furniture, special-purpose machinery, and any manufacture of tailor-made or unique goods. Suggested Answers How do you distinguish between job-costing and process-costing? Process costing averages costs over large number of nearly identical products. It is most often found in such industries as chemicals, oil, plastics, rubber, lumber, food processing, glass, mining, cement, and meat packing. These industries involve mass production of like units, that usually pass in continuous fashion through a series of uniform production step called operation or processes. Suggested Answers How do you distinguish between job-costing and process