University:
York University
Course:
SB/ACTG 2020 | Management Accounting Concepts
Academic year:

2024
Views:

216

Pages:

1
Author:

Niklas

toPic 5: chpt 4 process costing + ut harge iter of eternal producers, are monufectured in a continuous flow (eg pope, pelleun, chemical, hahles Food procersing; lamber t, ciechronics When production dept A complete is work om some unis of producta mese unts are transferred to prod. dept. B costs assigned to these grods are frunferted from the NIP inventory afe (dept A) (Fa WIP reventory afc. (dipt B) pifferences between job-order & preces costing. job-order costing > costs are occumulated by job order { recorded on job-cost record. cost of each i found by duding he total cost at the job order by the nunter of unts in the jobl process costing → costs are accumicted by deportment or process i time penal → coth per unt is found by averaging the fidi costs incurrad over the unis produced equivalent unite in used in process costing to refer to the amourt of manufecturing achirty that has been spplied to a batch of prypical units. in process conting. une in a departeen it found by spreading Preet monour cooted powers don illustration of pross costing my documert in a typual procrat-cating *yerem deportmentol, production regent 4 steps in preporng a departmentel production report anolyat of pryical fam of undo of equivalent unts (for dired nolerall 4 canvasion ectly) o tolai cals (adernite the cart to le tenured tram VP 4 transfered sitor to the en pratuction department or to friend goal di process cutting i Mighind-average, method one paged cuttieg tycion s regaras batch worstocring procates youd product-cating Rytion le wind when carvention achelle one, very tinier acros presid convoition cults are accumulched by deportert (graces conting ore vand) dirt inchenal carts one assumdeted by job order ar bator (gat-order casting & uted) predeemined omation, badgeled catt driver