Job Costing

Managerial and Cost Accounting
Review :
( 17 )
43 pages
Language:
 English
This book about job costing is the tenth of fifteen books which introduces the basic principles of accounting.
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About the author

Larry M. Walther, Ph.D., CPA, CMA, is the Ernst & Young Professor and Head of the School of Accountancy at Utah State University. Dr. Walther has authored numerous accounting textbooks and articles, and has served as director and/or consultant to a number to a number of public and nonpublic companies...

Larry M. Walther, Ph.D., CPA, CMA, is the Ernst & Young Professor and Head of the School of Accountancy at Utah State University. Dr. Walther has authored numerous accounting textbooks and articles, and has served as director and/or consultant to a number to a number of public and nonpublic compa...

Description
Content

This book about job costing is the tenth of fifteen books which introduces the basic principles of accounting. In this book you will learn about job costing and modern cost management systems. Basic costing concepts, such as tracking direct labor, direct material, and overhead costs are discussed. The information system for the job costing environment is introduced. Accounting for actual and applied overhead, job costing service, and modern management of costs and quality are presented.

  1. Basic Job Costing Concepts
    1. Cost Data Determination
    2. Conceptualizing Job Costing
    3. Tracking Direct Labor
    4. Tracking Direct Materials
    5. Tracking Overhead
    6. Job Cost Sheets
    7. Expanding the Illustration
    8. Another Expansion of the Illustration
    9. Database Versus Spreadsheets
    10. Moving Beyond the Conceptual Level
  2. Information Systems for the Job Costing Environment
    1. Direct Material
    2. Direct Labor
    3. Overhead and Cost Drivers
  3. Tracking Job Cost Within the Corporate Ledger
    1. Direct Material
    2. Direct Labor
    3. Applied Factory Overhead
    4. Overview
    5. Financial Statement Impact Scenarios
    6. Cost Flows to the Financial Statements
    7. Subsidiary Accounts
    8. Global Trade and Transfers
  4. Accounting for Actual and Applied Overhead
    1. The Factory Overhead Account
    2. Actual Overhead
    3. The Balance of Factory Overhead
    4. Underapplied Overhead
    5. Overapplied Overhead
    6. Influence of GAAP
  5. Job Costing in Service, Not For-Profit, And Governmental Environments
    1. The Service Sector
    2. Capacity Utilization
  6. Modern Management of Costs and Quality
    1. Global Competition
    2. Kaizen
    3. Lean Manufacturing
    4. Just in Time Inventory
    5. Total Quality Management
    6. Six Sigma
    7. Reflection on Modern Cost Management