Systems Design: Job-Order Costing

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Systems Design: Process Costing

Systems Design: Process Costing. Chapter 4. Both systems assign material, labor and overhead costs to products and they provide a mechanism for computing unit product costs.

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Systems Design: Process Costing 2/23/04

Chapter 4. Systems Design: Process Costing 2/23/04. Types of Costing Systems Used to Determine Product Costs. Job-order Costing. Process Costing. Many units of a single, homogeneous product flow evenly through a continuous production process.

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Costing Systems: Process Costing

The Process Costing System. OBJECTIVE 1: Describe the process costing system, and identify the reasons for its use.. The Process Costing System . A process costing system is used when costs to produce a product should be the same for all units.. The Process Costing System . Managers use process cost

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Systems Design: Job-Order Costing

Systems Design: Job-Order Costing. Chapter 8. Learning Objective 1. Distinguish between process costing and job-order costing and identify companies that would use each costing method. A company produces many units of a single product.

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Systems Design: Job-Order Costing

Chapter 5. Systems Design: Job-Order Costing. A company produces many units of a single product. One unit of product is indistinguishable from other units of product. The identical nature of each unit of product enables assigning the same average cost per unit.

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Systems Design: Process Costing

Chapter 4. Systems Design: Process Costing. How are unit costs used?. Process Costing. To help set prices. To evaluate products. To determine balance sheet inventory. To evaluate production efficiency. Job costing Costs accumulated by the job .

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Systems Design: Activity-Based Costing

Chapter 3. Systems Design: Activity-Based Costing. Assigning Overhead Costs to Products. Plantwide Overhead Rate A single overhead rate used throughout an entire factory. A simple method, but one that can distort unit product costs.

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Systems Design: Activity-Based Costing

Systems Design: Activity-Based Costing. Learning Objective. LO1. To understand the basic approach in activity-based costing and how it differs from conventional costing. Assigning Overhead Costs to Products.

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Costing Systems Design

Costing Systems Design. Traditional systems of calculating costs-based on the production size A process costing system (pl: kalkulacja procesowa) (ch.4) A job order costing system (pl: kalkulacja zleceniowa) (ch.3). Calculation of product costs. The task of calculating product costs :

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Systems Design: Process Costing

Chapter 4. Systems Design: Process Costing. LEARNING OBJECTIVES. After studying this chapter, you should be able to:. 1. Record the flow of materials, labour and overhead through a process costing system. 2. Compute the equivalent units of production using the weighted-average method.

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Systems Design: Process Costing

Chapter 4. Systems Design: Process Costing. Types of Costing Systems Used to Determine Product Costs. Job-order Costing. Process Costing. Many units of a single, homogeneous product flow evenly through a continuous production process.

728 views • 44 slides

Systems Design: Process Costing

Systems Design: Process Costing. Chapter 9. Both systems assign material, labor and overhead costs to products and they provide a mechanism for computing unit product costs.

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- Costing Systems - Process Costing - Service Department Cost Allocation

Chapter 3. Traditional Cost Management System. - Costing Systems - Process Costing - Service Department Cost Allocation. After reading this chapter, you will be able to: understand job order costing systems

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Chapter 4 Costing Systems: Process Costing

Chapter 4 Costing Systems: Process Costing. Fall 2007 Crosson. Learning Objectives:. Comparing Cost Flows in Process and Job Costing Systems How much does it cost? Process Cost Report and Work in Process Inventory Preparing a Process Cost Report—Average Costing Method

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Systems Design: Job-Order Costing

Chapter 3. Systems Design: Job-Order Costing. Types of Costing Systems Used to Determine Product Costs. Process Costing. Job-order Costing. Chapter 4. Many different products are produced each period. Products are manufactured to order. Cost are traced or allocated to jobs.

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Systems Design: Job-Order Costing

Systems Design: Job-Order Costing. Types of Product Costing Systems. Many different products are produced each period. Products are manufactured to order. The unique nature of each order requires tracing or allocating costs to each job, and maintaining cost records for each job.

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Systems Design: Job-Order costing

Chapter 3. Systems Design: Job-Order costing. Types of Costing Systems Used to Determine Product Costs. Process Costing. Job-order Costing. Chapter 4. Many different products are produced each period. Products are manufactured to order. Cost are traced or allocated to jobs.

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Job-Costing and Process-Costing Systems

Job-Costing and Process-Costing Systems. Chapter 14. Learning Objective 1. Distinguish between job-order costing and process costing. Distinction Between Job-Order Costing and Process Costing. Job-order costing allocates costs to products that are identified by

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Systems Design: Job-Order Costing

Systems Design: Job-Order Costing. Chapter 3. Learning Objective 1. Distinguish between process costing and job-order costing and identify companies that would use each costing method. A company produces many units of a single product.

876 views • 87 slides

Systems Design: Job-Order Costing

Systems Design: Job-Order Costing. Chapter 3. Learning Objective 1. Distinguish between process costing and job-order costing and identify companies that would use each costing method. A company produces many units of a single product.

886 views • 87 slides