processcostingandhybridproductcostingsystems-wenkub
2022-08-30 17:41:10 本頁面
【正文】 ?Overhead ?Transferred from Dept. A ?Direct Material ?Direct Labor ?Other Overhead Factory Overhead ?Overhead Applied to Work in Process ?Indirect Material ?Indirect Labor ?Overhead ?Transferred to Dept. B McGrawHill/Irwin 414 Process Cost Flows Now let’s plete the goods in Department B and sell them. Still with me? McGrawHill/Irwin 415 Finished Goods ?Cost of Goods Sold ?Cost of Goods Mfd. ?Cost of Goods Sold Cost of Goods Sold Process Cost Flows ?Cost of Goods Mfd. Work in Process Department B ?Direct Material ?Direct Labor ?Overhead ?Transferred from Dept. A McGrawHill/Irwin 416 Process Costing Direct Material Directlabor costs are usually small in parison to other product costs in process cost systems. (high level of automation) Type of Product Cost Dollar Amount Direct Labor Manufacturing Overhead McGrawHill/Irwin 417 Process Costing Conversion Directlabor costs are usually small in parison to other product costs in process cost systems. (high level of automation) So, direct labor and manufacturing overhead are often bined into one product cost called conversion. Direct Material Type of Product Cost Dollar Amount McGrawHill/Irwin 418 Direct Material Finished Goods Cost of Goods Sold Direct Labor ManufacturingOverhead Jobs The workinprocess account consists of individual jobs in a joborder cost system. Differences Between JobOrder and Process Costing McGrawHill/Irwin 419 Direct Material Finished Goods Cost of Goods Sold Products The workinprocess account consists of individual products in a process cost system. Differences Between JobOrder and Process Costing Direct Labor amp。 45,000 equivalent units $ + $ McGrawHill/Irwin 436 C o s t o f g o o d s c o m p l e t e d a n d t r a n s f e r r e d d u r i n g M a r c h 4 0 ,0 0 0 u n it s ? $ 7 .2 6 p e r e q u iv a le n t u n it 2 9 0 , 4 0 0$C o s t s r e m a i n i n g i n w o r k i n p r o c e s s o n M a r c h 3 1 D ir e c t M a t e r ia l: 1 0 ,0 0 0 e q u iv a le n t u n it s ? $ 2 .8 0 p e r e q u iv a le n t u n it 2 8 , 0 0 0$ C o n v e r s io n : 5 ,0 0 0 e q u iv a le n t u n it s ? $ 4 .4 6 p e r e q u iv a le n t u n it 2 2 , 3 0 0 T o t a l c o s t o f M a r c h 3 1 w o r k i n p r o c e s s 5 0 , 3 0 0 T o t a l c o s t s a c c o u n t e d f o r 3 4 0 , 7 0 0$All costs accounted for Production Report Example ? Analysis of total costs McGrawHill/Irwin 437 Operation Costing Operation costing employs some aspects of both joborder and process costing. Joborder Operation Costing Process Costing (Products produced in batches) Costing Conversion costs assigned to batches as in process costing. Material Costs Charged to batches as in joborder costing. McGrawHill/Irwin 438 Process Costing Typical Accounting En
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