processcostingandhybridproductcostingsystems-在線瀏覽
2024-10-22 17:41本頁面
【正文】 cost jobs. ? Jobs built to customer order. Process costing ? Costs accumulated by department or process. ? Work in process has a production report for each batch of products. ? A few identical, low cost products. ? Units continuously produced for inventory in automated process. Comparison of JobOrder Costing and Process Costing McGrawHill/Irwin 45 Process Cost Flows Let’s examine the cost flows in a process cost system with Departments A and B. We will use Taccounts and start with materials. McGrawHill/Irwin 46 Raw Materials ?Purchases ?Direct Material ?Direct Material ?Other Overhead Factory Overhead Process Cost Flows Work in Process Department A ?Indirect Material ?Indirect Material McGrawHill/Irwin 47 Process Cost Flows Next let’s add labor and manufacturing overhead to the process cost flows. Are you with me? McGrawHill/Irwin 48 ?Direct Labor ?Other Overhead Factory Overhead Process Cost Flows Work in Process Department A ?Direct Material Salaries and Wages Payable ?Indirect Labor ?Direct Labor ?Overhead Applied to Work in Process ?Overhead ?Indirect Material ?Indirect Labor McGrawHill/Irwin 49 Process Cost Flows Next let’s transfer work from Department A to Department B. Are you ready? McGrawHill/Irwin 410 Process Cost Flows Work in Process Department B Work in Process Department A ?Direct Material ?Direct Labor ?Overhead ?Transferred to Dept. B ?Transferred from Dept. A McGrawHill/Irwin 411 Process Cost Flows Next let’s add material, labor, and manufacturing overhead to Department B. Are you with me? McGrawHill/Irwin 412 Process Cost Flows Work in Process Department B Work in Process Department A ?Direct Material ?Direct Labor ?Overhead ?Transferred from Dept. A ?Direct Material ?Direct Labor Raw Materials ?Purchases ?Direct Material ?Direct Labor Salaries and Wages Payable ?Transferred to Dept. B McGrawHill/Irwin 413 Process Cost Flows Work in Process Department B Work in Process Department A ?Direct Material ?Direct Labor ?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 auto
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