管理企业会计048347565.ppt

McGraw-Hill/Irwin 4-* Process Costing and Hybrid Product-Costing Systems 4 Chapter Four Job-order costing Costs accumulated by the job. Work in process has a job-cost sheet for each job. Many unique, high cost jobs. Jobs built to customer order. Process costing Costs accumulated by department or process. Work in process has a production report for each batch of products. A few identical, low cost products. Units continuously produced for inventory in automated process. Comparison of Job-Order Costing and Process Costing Direct Labor Other Overhead Factory Overhead Process Cost Flows Work in Process Department A Direct Material Salaries andWages Payable IndirectLabor Direct Labor OverheadApplied to Work inProcess Overhead Indirect Material IndirectLabor Process Cost Flows Work in Process Department B Work in Process Department A Direct Material Direct Labor Overhead Transferred to Dept. B Transferred from Dept. A Process Cost Flows Work in Process Department B Work in Process Department A Direct Material Direct Labor Overhead Transferred from Dept. A Direct Material Direct Labor Raw Materials Purchases DirectMaterial Direct Labor Salaries andWages Payable Transferred to Dept. B Process Cost Flows Work in Process Department B Work in Process Department A Direct Material Direct Labor Overhead Transferred from Dept. A Direct Material Direct Labor Other Overhead Factory Overhead OverheadApplied to Work inProcess Indirect Material IndirectLabor Overhead Transferred to Dept. B Finished Goods Cost of GoodsSold Cost of GoodsMfd. Cost of GoodsSold Cost of Goods Sold Process Cost Flows Cost of Goods Mfd. Work in Process Department B Direct Material Direct Labor Overhead Transferred from Dept. A Direct Material FinishedGoods Cost of GoodsSold Products The work-in-process account consists of individual products in a process cost system. Differences Between Job-Order and Process Co