#1 Job Order Costing System: Managerial Accounting

Learn accounting for a job order costing system from a practicing CPA, CGMA, CPI, with B.S.Tax.

#1 Job Order Costing System: Managerial Accounting

Learn accounting for a job order costing system from a practicing CPA, CGMA, CPI, with B.S.Tax.
31
views
1
Save
Share the link to this page
Copied

About the Class

Job cost system - Managerial accounting

We will start by introducing managerial accounting or cost accounting topics that apply to companies that manufacture using either a job cost system or a process cost system.

The course will describe classifications for costs and the importance of being able to classify costs in different ways.

We will list and describe an outline of the process costs go through as they flow through the accounting process in a manufacturing company.

The course will compare the two major systems used to track inventory costs in a manufacturing company, the job cost system, and the process costs system. We will discuss when a company would use either a job cost system or a process cost system.

We will discuss the flow of inventory costs in a job cost system and track the process of costs related to raw materials, that then flow to work in process and factory overhead, to finished goods, and finally, are expensed in the form of cost of goods sold.

The course will list and describe key documents in the job cost system, documents that facilitate and help record the flow of costs in the system.

We will explain the concept of overhead and why it is needed, including the concept of actual overhead incurred and estimated overhead we apply to jobs. The course will show how to calculate the predetermined overhead rate and how to use this rate to estimate overhead allocated to jobs.

The course will record the journal entries related to costs as they flow through the job cost system including journal entries for the transfer of raw materials to work in process and factory overhead, the incurrence of direct and indirect wages, and other overhead costs. We will enter journal entries to allocate overhead to work in process and to close out finished jobs from work in process to finished goods. We will also enter journal entries to record the sale and related costs of finished jobs.

Author

Robert Bob Steele Cpa Cgma M S Tax Cpi Has A Account

Certified Public Accountant (CPA) CGMA M.S.tax CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his. Mr. Steele has experience working as a practicing Certified Public Accountant...

School

Robert Bob Steele Cpa Cgma M S Tax Cpi Has A Account's School

Requirements

There are no additional requirements.

Class Contents

One-time Fee
$19.99
List Price:  $200
You save:  $180.01
€18.45
List Price:  €184.62
You save:  €166.17
£15.82
List Price:  £158.31
You save:  £142.48
CA$27.17
List Price:  CA$271.88
You save:  CA$244.70
A$30.62
List Price:  A$306.37
You save:  A$275.75
S$26.93
List Price:  S$269.44
You save:  S$242.51
HK$156.38
List Price:  HK$1,564.67
You save:  HK$1,408.28
CHF 18.10
List Price:  CHF 181.14
You save:  CHF 163.04
NOK kr215.18
List Price:  NOK kr2,152.90
You save:  NOK kr1,937.72
DKK kr137.63
List Price:  DKK kr1,377.08
You save:  DKK kr1,239.44
NZ$33.28
List Price:  NZ$333.02
You save:  NZ$299.73
د.إ73.40
List Price:  د.إ734.46
You save:  د.إ661.05
৳2,199.16
List Price:  ৳22,002.67
You save:  ৳19,803.50
₹1,666.34
List Price:  ₹16,671.76
You save:  ₹15,005.42
RM94.61
List Price:  RM946.60
You save:  RM851.98
₦27,920.03
List Price:  ₦279,340
You save:  ₦251,419.96
₨5,572.25
List Price:  ₨55,750.45
You save:  ₨50,178.19
฿727.25
List Price:  ฿7,276.20
You save:  ฿6,548.94
₺644.30
List Price:  ₺6,446.25
You save:  ₺5,801.95
B$99.49
List Price:  B$995.44
You save:  B$895.94
R377.52
List Price:  R3,777.12
You save:  R3,399.59
Лв36.12
List Price:  Лв361.38
You save:  Лв325.26
₩26,977.60
List Price:  ₩269,911
You save:  ₩242,933.39
₪73.18
List Price:  ₪732.21
You save:  ₪659.02
₱1,124.58
List Price:  ₱11,251.49
You save:  ₱10,126.91
¥3,022.54
List Price:  ¥30,240.60
You save:  ¥27,218.05
MX$332.47
List Price:  MX$3,326.45
You save:  MX$2,993.97
QR73.05
List Price:  QR730.95
You save:  QR657.89
P274.49
List Price:  P2,746.31
You save:  P2,471.82
KSh2,628.68
List Price:  KSh26,300
You save:  KSh23,671.31
E£944.32
List Price:  E£9,448.02
You save:  E£8,503.69
ብር1,138.45
List Price:  ብር11,390.20
You save:  ብር10,251.75
Kz16,715.85
List Price:  Kz167,242.20
You save:  Kz150,526.34
CLP$19,596.99
List Price:  CLP$196,068
You save:  CLP$176,471
CN¥144.44
List Price:  CN¥1,445.14
You save:  CN¥1,300.69
RD$1,185.13
List Price:  RD$11,857.25
You save:  RD$10,672.12
DA2,692.91
List Price:  DA26,942.60
You save:  DA24,249.69
FJ$45.03
List Price:  FJ$450.56
You save:  FJ$405.52
Q156.30
List Price:  Q1,563.85
You save:  Q1,407.54
GY$4,195.85
List Price:  GY$41,979.57
You save:  GY$37,783.71
ISK kr2,762.41
List Price:  ISK kr27,638
You save:  ISK kr24,875.58
DH202.03
List Price:  DH2,021.34
You save:  DH1,819.31
L352.62
List Price:  L3,527.97
You save:  L3,175.35
ден1,134.94
List Price:  ден11,355.17
You save:  ден10,220.22
MOP$161.46
List Price:  MOP$1,615.49
You save:  MOP$1,454.02
N$379.04
List Price:  N$3,792.34
You save:  N$3,413.30
C$737.54
List Price:  C$7,379.16
You save:  C$6,641.61
रु2,670.50
List Price:  रु26,718.43
You save:  रु24,047.92
S/74.17
List Price:  S/742.12
You save:  S/667.95
K76.68
List Price:  K767.27
You save:  K690.58
SAR74.97
List Price:  SAR750.12
You save:  SAR675.14
ZK509.49
List Price:  ZK5,097.45
You save:  ZK4,587.96
L91.73
List Price:  L917.76
You save:  L826.02
Kč466.68
List Price:  Kč4,669.22
You save:  Kč4,202.54
Ft7,282.18
List Price:  Ft72,858.32
You save:  Ft65,576.13
SEK kr211.81
List Price:  SEK kr2,119.22
You save:  SEK kr1,907.40
ARS$17,126.43
List Price:  ARS$171,349.99
You save:  ARS$154,223.56
Bs138.96
List Price:  Bs1,390.33
You save:  Bs1,251.36
COP$77,903.62
List Price:  COP$779,425.93
You save:  COP$701,522.31
₡10,097.89
List Price:  ₡101,029.42
You save:  ₡90,931.53
L494.66
List Price:  L4,949.17
You save:  L4,454.50
₲147,268.77
List Price:  ₲1,473,424.43
You save:  ₲1,326,155.66
$U755.89
List Price:  $U7,562.76
You save:  $U6,806.86
zł79.60
List Price:  zł796.43
You save:  zł716.83

What's Included

Language: English
Level: All levels
Skills: Job Cost System, Cost Flows, Finished Jobs Recordings, Cost Classifications, Job Cost System Documentation, Journal Entries, Sale of Jobs, Predetermined Overhead Rate Calculation, Cost Flow Process, Manufacturing Company Cost Flow, Cost System Process
Age groups: All ages
Duration: 11 hours 10 minutes
98 Videos
8 Documents
1
Save
31
Views
This class has not been saved

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.