Describe the cost flow in job order costing system

Assignment Help Managerial Accounting
Reference no: EM1346937

The three product cost elements?direct materials, direct labor, and overhead? Flow through job order costing system in structured, orderly fashion. Specific accounts and subsidiary ledgers are employed to verify and record cost information.

Explain the cost flow in the job order costing system.

Reference no: EM1346937

Questions Cloud

What is the multipole expansion method : The heat of vaporization of ethyl alcohol is about 200cal/g. If 1.30 kg of it were allowed to vaporize in a refrigerator, how various grams of ice would be formed from 0°C water.
Retirement and estate planning : Determine when you should start to think about retirement & real estate planning and you begin taking action? Explain your answer.
Explain how illness this year results in an appendectomy : If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Systems analyst can help with project management tasks : Explain how systems analyst can help with project management tasks. Also, explain how new employee can contribute to tasks.
Describe the cost flow in job order costing system : The three product cost elements?direct materials, direct labor, and overhead? Flow through job order costing system in structured, orderly fashion. Specific accounts and subsidiary ledgers are employed to verify and record cost information.
Question related to communication process : Use the eight phases of the communication process list below to analyze a miscommunication you've recently had with a co-worker, supervisor,classmate or family member or friend and what idea were you trying to share
Elucidate how an economist could use the slope of the yield : Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
Use of job order and process cost system : Discuss the factors that a company must consider when deciding whether to use a job order or a process cost system. What might be the consequences to a company if they make the wrong choice?
Terms of helping a company to remain competitive : Explain how do you feel communication programs can most effectively be utilized and what value can they bring to a company in terms of helping a company to remain competitive?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Costing choices-process-job and activity-based methods

Pick a costing method: process, job, or activity based. Explain the nature of your chosen method. What types of organizations should choose that method?

  Determine the break even point

Give the following cost data Costs /per unit labor . $ 4 Materials .5 Fixed cost . $ 12000 Determine the break even point in units if the selling price is $ 19.00 Determine the break-even point in sales at a selling price of $ 19.00 What would profit..

  Write about the financial statement analysis

Write about Best buy about their Financial Statement Analysis

  Managerial accounting case

ACT 6691, Managerial Accounting Case: - Read the case and analyze the information. Prepare a narrative report (or notes to the income statement) addressing why/how quantitative items were selected. The following items must be explained:

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare budget for ballarat furniture company

Prepare budget for Ballarat Furniture Company

  Question on segment reporting

Slatter Corp operates primarily in the United States. However, few years ago, it opened plan in Spain to produce merchandise to sell there. This foreign operation has been so successful that throughout the past 24 months the company started a manu..

  Evaluate net purchases at retail and net sales

Evaluate net purchases at retail and net sales for the month of September

  Job costing in service organization

For August, Busters Consulting and Mediation Practice(BCMP) worked 900 hours for Quebec company and 2,100 hours for Ontario Corporation. BCMP bills clients at rate of $300 per hour

  What is the profitability of unfocused book

What is the profitability of Unfocused Books' three departments and what recommendations would you make to the owners?

  Use of job order and process cost system

Discuss the factors that a company must consider when deciding whether to use a job order or a process cost system. What might be the consequences to a company if they make the wrong choice?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd