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12/3/18 Chapter 21 ACC272 a) mass-production, b) continues production fashion until finished for the entire production (materials, labor, and overhead), d) finished good is indistinguishable
12/3/18 Chapter 21 ACC272 a) mass-production, b) continues production fashion until finished for the entire production (materials, labor, and overhead), d) finished good is indistinguishable from another Or product is complete, c) same process a) Cost to specific job, b) done by batches or units Give me a few examples of Process Cost System and job order cost Companies and its products? How can we distinguish these two Process Costing? Job Order Cost Flow Manufacturing Cost, Work in process (by jobs), finished goods inventory, cost of goods sold Process Cost Flow Manufacturing Cost, work in process (department A), work in process (department 8), finished goods inventory, Cost of goods sold. What are the 3 similar ways Job Order Cost and Process Cost Systems ? 1. 2. 3. The manufacturing cost elements The accumulation of the costs of materials, labor, and overhead The flow of Costs What are the differences between Job Order Cost and Process Cost? 12/3/18 Chapter 21 ACC272 a) mass-production, b) continues production fashion until finished for the entire production (materials, labor, and overhead), d) finished good is indistinguishable from another Or product is complete, c) same process a) Cost to specific job, b) done by batches or units Give me a few examples of Process Cost System and job order cost Companies and its products? How can we distinguish these two Process Costing? Job Order Cost Flow Manufacturing Cost, Work in process (by jobs), finished goods inventory, cost of goods sold Process Cost Flow Manufacturing Cost, work in process (department A), work in process (department 8), finished goods inventory, Cost of goods sold. What are the 3 similar ways Job Order Cost and Process Cost Systems ? 1. 2. 3. The manufacturing cost elements The accumulation of the costs of materials, labor, and overhead The flow of Costs What are the differences between Job Order Cost and Process Cost
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