Understand a Job Costing System

Know Manufacturing Costs 2 lectures 28:04 Know Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Know Manufacturing Costs 2 lectures 28:04 Know Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Know Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Know Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Know Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Know Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing Costs Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost , direct labor cost and manufacturing overhead. It is a factor in total delivery cost . Job Costing System 1 lecture 21:28 Job Costing A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. Job Costing System 1 lecture 21:28 Job Costing A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. Job Costing A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. Job Costing A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. Job Costing A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. Job Costing A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. A job costing system involves the process of accumulating information about the costs associated with a specific production or service job . This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. Comprehensive Job Costing assignment 1 lecture 00:00 Farook Inc This is a very comprehensive case. Journalize transactions in the general journal. Transactions are in sheet #1 . General journal Sheet #2. In the journal Do Not write in the amounts but place an equal sign in the cell and go back to transactions highlight the amount and press enter. All cells with values should be referenced to another cell. Post to the general ledger and also to the subsidiary ledger Job sheets for jobs 101, 102,103 and 104 You are doing the work of the accountant who records in the general journal and post to the general ledger but you also doing the work of production workers who are recording Direct material and direct labor into the job sheets. At all times the total of the job sheets should equal the total in the general journal work in process account. Comprehensive Job Costing assignment. 1 lecture 00:00 Farook Inc This is a very comprehensive case. Journalize transactions in the general journal. Transactions are in sheet #1 . General journal Sheet #2. In the journal Do Not write in the amounts but place an equal sign in the cell and go back to transactions highlight the amount and press enter. All cells with values should be referenced to another cell. Post to the general ledger and also to the subsidiary ledger Job sheets for jobs 101, 102,103 and 104 You are doing the work of the accountant who records in the general journal and post to the general ledger but you also doing the work of production workers who are recording Direct material and direct labor into the job sheets. At all times the total of the job sheets should equal the total in the general journal work in process account. Farook Inc This is a very comprehensive case. Journalize transactions in the general journal. Transactions are in sheet #1 . General journal Sheet #2. In the journal Do Not write in the amounts but place an equal sign in the cell and go back to transactions highlight the amount and press enter. All cells with values should be referenced to another cell. Post to the general ledger and also to the subsidiary ledger Job sheets for jobs 101, 102,103 and 104 You are doing the work of the accountant who records in the general journal and post to the general ledger but you also doing the work of production workers who are recording Direct material and direct labor into the job sheets. At all times the total of the job sheets should equal the total in the general journal work in process account. Farook Inc This is a very comprehensive case. Journalize transactions in the general journal. Transactions are in sheet #1 . General journal Sheet #2. In the journal Do Not write in the amounts but place an equal sign in the cell and go back to transactions highlight the amount and press enter. All cells with values should be referenced to another cell