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

  Advise managers whether or not this contract is profitable

Advise managers whether or not this contract is profitable. Evaluate any additional information that managers need to consider before accepting or rejecting this contract

  Edge worth box and pareto efficiency

How a Pareto Superior allocation can be achieved that will help some people without hurting others. Make sure you define efficiency and Pareto Superiority.

  Job costing-process costing differentiated

What are the major differences between job-order costing and process costing systems?

  Socially efficient level of public good

Explain verbally and graphically how the socially efficient amount of this good can be provided for them. Explain each term used in your answer.

  Prepare photo artistry companys master budget

Prepare Photo Artistry Company's master budget for 2014 by completing the schedules Prepare a memo for Photo Artistry Company identifying issues that management should consider in order to improve the profitability of the company; provide some r..

  Project’s net present value

In 2010, the Bayside Chemical Company prepared the following analysis of an investment proposal for a new manufacturing facility: . Do you have any suggestions that might increase the project’s net present value? (No calculations are required.)

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Job order costing or process costing decision

Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.

  Concerns with segment reporting

Do you think that companies are worried about disclosing too much information if it comes to segment reporting? What's wrong with the reporting too much information? What do you think their main concerns include?

  Activity based costing in business

I am having to explain and provide detailed example of where activity base costing would be employed. I'm capable to describe ABC in length but can't come up with detailed example.

  Journalize the treasury stock transactions

The corporation sold 1,200 shares of treasury stock for cash at 72 per share. Journalize the treasury stock transactions.

  Determine predetermined overhead rate

Determine the predetermined overhead rate. Determine the amount of overhead applied during the year. Was overhead overapplied or underapplied? How much?

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