Question
Instructions: Required: Design a case study to apply the job order costing method with its correction. Instructions: You need to design your own case study
Instructions:
Required: Design a case study to apply the job order costing method with its correction.
Instructions: You need to design your own case study with real data (a real activity with real departments and real employees). As if you really have created your own company and which you are trying to compute and record your costs according to the job order costing method.
You have to include:
1.Material requisition forms
2.Time tickets
3.Job costs sheets for at least TWO jobs
4.TWO departments (at least) in your manufacturing process
5. The multiple predetermined overhead cost for assigning your manufacturing overhead cost to jobs
6.The estimates for manufacturing overhead costs using the formula y=a+bx
7.Preperation of all the T accounts used in ALL your steps(since materials purchases until sales of finished goods)
8.Period costs too
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