Job Order Costing

4160 Words Apr 25th, 2013 17 Pages
Chapter 3
Systems Design: Job-Order Costing

Types of Costing Systems Used to Determine Product Costs

Process Costing
Chapter 4 Chapter 4

Job-order Costing

Many different products are produced each period. Many different products are produced each period. Products are manufactured to order. Products are manufactured to order. Cost are traced or allocated to jobs. Cost are traced or allocated to jobs. Cost records must be maintained for each distinct Cost records must be maintained for each distinct product or job. product or job.

Types of Costing Systems Used to Determine Product Costs

Process Costing

Job-order Costing

Typical job order cost applications: Typical job order cost applications: Special-order
…show more content…
X7 - 6890 Job No. A - 143 Department B3 Description 2 x 4, 12 feet 1 x 6, 12 feet Quantity 12 20 Date 3-4-01

Cost of material is Cost of material is charged to job A-143. charged to job A-143.
$ Unit Cost 3.00 4.00 Total Cost $ 36.00 80.00 $ 116.00

Type, quantity, and Type, quantity, and total cost of material total cost of material charged to job A-143. charged to job A-143. Authorized
Signature

Will E. Delite

Job-Order Cost Accounting
PearCo Job Cost Sheet Job Number A - 143 Department B3 Item Wooden cargo crate Date Initiated 3-4-01 Date Completed Units Completed

Direct Materials Direct Labor Manufacturing Overhead Req. No. Amount Ticket Hours Amount Hours Rate Amount X7-6890 $ 116

Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit Product Cost

$

116

Units Shipped Date Number Balance

Job-Order Cost Accounting
PearCo Job Cost Sheet Job Number A - 143 Department B3 Item Wooden cargo crate Date Initiated 3-4-01 Date Completed Units Completed

Workers use Direct Materials Direct Labor Manufacturing Overhead Req. No. Amount Ticket Hours Amount Hours time tickets to Rate Amount X7-6890 $ 116
Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit Product Cost

record the time spent on each job. Units Shipped
Number Balance

$

116

Date

Let’s see one

Employee Time Ticket
PearCo Employee Time Ticket Time Ticket No. Employee
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