CostandManagement

AccountingTheJobCosting:SpecificCostFlow

DescriptionTerminology:EnglishChineseCost

Flow成本流動MaterialsRequisition

Form領料單Time

Ticket工時記錄單JobCost

Sheet訂單成本表Subsidiary明細分類賬Issue

Material發(fā)料Purchase購買Trigger觸發(fā)CostandManagement

AccountingAnOverviewofCost

FlowsThecostflowparallelsthephysicalflowofthematerialsastheyareconverted

intofinished

goods.ThesumofmanufacturingcostsareassignedtoWork-in-process

inventory.Asunitsarecompleted,thecostaretransferredtoFinishedGoods

Inventory.Whenunitsaresold,thecostistransferredtoCostofGoods

Sold.Represents

thecostofalltheunfinished(in-process)

jobs.CostandManagement

AccountingAnOverviewofCost

FlowsTheBasicCostFlow

ModelJobCost+Resource-Resource=Job

CostBeginning Transfers

In Transfers

OutBalanceEndingBalanceTheuseofthemodelservesasacontrolthathelpstoensuregoalsandobjectivesare

met.CostandManagement

AccountingFlowofDocumentsinaJobCosting

SystemSales

OrderAsalesorderispreparedasabasisforissuinga.

.ProductionOrderAproductionorderinitiatesworkonajob,wherebycostsarechargedthrough:MaterialsRequisition

FormDirect

LaborTime

TicketPredeterminedOverhead

RatesJobCost

SheetTransactionsarejournalized.CostandManagement

AccountingInfois

postedtoledgeraccounts.OverviewoftheJob

CostingItissubsidiarytothework-in-processaccountandisprimarydocumentforaccumulatingallcostsrelatedtoaparticular

job.Arecordofallthecosts(directandindirect)foraspecific

job.CostandManagement

AccountingAccountingForDirect

MaterialsCostandManagement

AccountingAccountingForDirect

MaterialsRawMaterials

Inventory(1)200 (2)

116Purchase

ofMaterialsWork-in-Process

Inventory(2)

116RawMaterial

Inventory 200Accounts

Payable 200Work-in-process

Inventory 116Material

Inventory 116IssueofMaterialsCostandManagement

AccountingAccountingForDirect

MaterialsCostandManagement

AccountingAccountingForDirectLabor

CostCostandManagement

AccountingWages

Payable(3)

88Work-in-Process

Inventory(2)

116(3)

88Work-in-process

Inventory 88Wages

Payableor

Cash 88Labor

CostCostandManagement

AccountingAccountingForDirectLabor

CostAccountingForDirectLabor

CostCostandManagement

AccountingAssumethattheaccountantofPearCoCompanyhasestimatedoverheadcostsforthemonthat$640,000.Additionally,theaccountantestimates160,000totallaborhours.ForJobA-143,thetotalhoursworkedis8

hours.AccountingForManufacturing

OverheadAllmanufacturingoverhead

costs$640,000160,000directmanufacturingdirectlabor-hoursIndirectCost

PoolCostAllocation

BasePredeterminedOverhead

RateCostandManagement

AccountingAccountingForManufacturing

OverheadCostandManagement

AccountingWages

Payable(5)

30Work-in-Process

InventoryOverheadControl

40Wages

Payable 30Accumulated

Depreciation 10Work-in-process

Inventory 32Overhead

Control 32AccountingForManufacturing

OverheadOverhead

ControlAccumulatedDepreciation(5)

10(2)

116(3)

88(4)

32(5)

40 (4)

32Application

ofOverheadCostandManagement

AccountingOverhead

CostIncurrenceAccountingForFinishedGoods

InventoryCostandManagement

AccountingAccountingForFinishedGoods

Inventory誠實守信，操守為正Honestandtrustworthy履行職責，堅持遵守商業(yè)倫理和職業(yè)道德Perform duties, adhere to business ethics andprofessional

ethicsCostandManagement

Accounting(6)

236FinishedGoods

Inventory(6)

236FinishedGoodsInventory 236Work-in-

Process

Inventory 236AccountingForFinishedGoods

InventoryWork-in-Process

Inventory(2)

116(3)

88(4)

32TransferofFinished

GoodsCostandManagement

AccountingAccountingForCostofGoods

SoldCostof

Goods

Sold 236FinishedGoods

Inventory 236CostandManagement

AccountingQuick

Check1. FinishedGoodsisdebitedandWorkinProcessis

creditedfor

a:transferofcompletedgoodsoutofthe

factorytransfer of completed production to the finished goodsstoreroompurchaseofgoodson

accounttransferofmaterialstothe

factoryCostandManagement

AccountingQuick

Check2.WhichofthefollowingisincludedintheamounttransferredfromWork-In-ProcesstoFinishedGoods

Inventory?Direct

laborDirect

MaterialsManufacturing

OverheadAllofthe

AboveCostandManagement

AccountingSummaryTheJobCosting:SpecificCostFlow

DescriptionJournalEntriesinJobCosting

System:① Purchaseof

materialsCostandManagement

Accounting② Issueofdirectandindirectmaterials(OH)into

production③ Incurreddirectandindirect(OH)labor

wages④ Incurringorrecordingofvariousactualindirect

co