1 / 4

Job costing Chapter 4

Job costing Chapter 4. ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se. Example 4.2 starting on page 115. Accounting exercise.

adonis
Download Presentation

Job costing Chapter 4

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Job costingChapter 4 ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se

  2. Example 4.2 starting on page 115 Accounting exercise • Note how the profit consists of revenues from sales, and the costs for the sold products • All that is unsold is in other parts of the accounts • In the Stores ledger, • In Work in process, • In Finished goods, • In Wages control, • In Factory overhead, or • In Non-manufacturing overhead

  3. Closing remarks • Backflush costing • For a JIT environment • Inventories defined at trigger points, the rest is costs • Contract costing • A contract account for each contract • Progress payments considered

  4. Next, we… discuss how a costing system can be designed for products that consume resources in the same manner. In this case, it is not useful to distinguish each product in the costing system Chapters 5 & 6

More Related