管理会计英文课件 (4)
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•Overhead Applied to Work in Process •Direct Materials •Direct Labor •Applied Overhead
Work in Process Department B
•Direct Materials •Direct Labor •Applied Overhead
•Direct Materials
4-13
Process Cost Flows: The Flow of Raw Materials (in journal entry form)
Work in Process - Department A Work in Process - Department B Raw Materials XXXXX XXXXX XXXXX
4-14
Process Cost Flows: The Flow of Labor Costs (in T-account form)
Salaries and Wages Payable
•Direct Labor
Work in Process Department A
•Direct Materials •Direct Labor
•Direct Materials •Direct Labor •Applied Overhead •Transferred from Dept. A
Department A
Department B
4-19
Process Cost Flows: Transfers from WIP-Dept. A to WIP-Dept. B (in journal entry form)
XXXXX XXXXX XXXXX
4-18
Process Cost Flows: Transfers from WIPDept. A to WIP-Dept. B (in T-account form)
Work in Process Department A •Direct Transferred Materials to Dept. B •Direct Labor •Applied Overhead Work in Process Department B
Work in Process - Department B Work in Process - Department A XXXXX XXXXX
4-20
Process Cost Flows: Transfers from WIP-Dept. B to Finished Goods (in T-account form)
a. Different and produced continuously.
b. Similar and produced continuously.
c. Individual units produced to customer specifications.
d. Purchased from vendors.
Process Costing
Chapter 4
PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
4-16
Process Cost Flows: The Flow of Manufacturing Overhead Costs (in T-account form)
Work in Process Department A Manufacturing Overhead
•Actual Overhead
Work in Process Department B •Direct •Cost of Materials Goods •Direct Manufactured Labor •Applied Overhead •Transferred from Dept. A
Finished Goods
•Cost of Goods Manufactured
4-5
Quick Check
Process costing is used for products that are:
a. Different and produced continuously.
b. Similar and produced continuously.
c. Individual units produced to customer specifications.
4-3
Differences Between Job-Order and Process Costing
Process costing:
1. Is used when a single product is produced on a continuing basis or for a long period of time. Job-order costing is used when many different jobs having
Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
4-2
Similarities Between Job-Order and Process Costing
• Both systems assign material, labor, and overhead costs to products and they provide a mechanism for computing unit product costs. • Both systems use the same manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods. • The flow of costs through the manufacturing accounts is basically the same in both systems.
4-17
Process Cost Flows: The Flow of Manufacturing Overhead Costs (in journal entry form)
Work in Process - Department A Work in Process - Department B Manufacturing Overhead
different production requirements are worked on each period.
2. Systems accumulate costs by department. Job-order
costing systems accumulated costs by individual jobs.
4-12
Process Cost Flows: The Flow of Raw Materials (in T-account form)
Raw Materials
•Direct Materials
Work in Process Department A
•Direct Materials
Work in Process Department B
d. Purchased from vendors.
4-6
Processing Departments
Any unit in an organization where materials, labor, or overhead are added to the product. The activities performed in a processing department are performed uniformly on all units of production. Furthermore, the output of a processing department must be homogeneous. Products in a process costing environment typically flow in a sequence from one department to another.
4-7
Learning Objective 1
Record the flow of materials, labor, and overhead through a process costing system.
4-8
Comparing Job-Order and Process Costing
Direct Labor
Processing Department
Finished Goods
Manufacturing Overhead
Cost of Goods Sold
4-11
T-Account and Journal Entry Views of Process Cost Flows
For purposes of this example, assume there are two processing departments – Departments A and B. We will use T-accounts and journal entries.
3. Systems compute unit costs by department. Job-order
costing systems compute unit costs by job on the job cost sheet.
4-4
Quick Check
Process costing is used for products that are:
Jobs
Manufacturing Overhead
Cost of Goods Sold
4-10ຫໍສະໝຸດ Baidu
Comparing Job-Order and Process Costing
Direct Materials
Costs are traced and applied to departments in a process cost system.
Work in Process Department B
•Direct Materials •Direct Labor
4-15
Process Costing: The Flow of Labor Costs (in journal entry form)
Work in Process - Department A Work in Process - Department B Salaries and Wages Payable XXXXX XXXXX XXXXX
4-21
Process Cost Flows: Transfers from WIP-Dept. B to Finished Goods (in journal entry form)
Finished Goods Work in Process - Department B XXXXX XXXXX
Direct Materials Direct Labor Work in Process Finished Goods
Manufacturing Overhead
Cost of Goods Sold
4-9
Comparing Job-Order and Process Costing
Direct Materials Direct Labor Costs are traced and applied to individual jobs in a job-order cost system. Finished Goods
Work in Process Department B
•Direct Materials •Direct Labor •Applied Overhead
•Direct Materials
4-13
Process Cost Flows: The Flow of Raw Materials (in journal entry form)
Work in Process - Department A Work in Process - Department B Raw Materials XXXXX XXXXX XXXXX
4-14
Process Cost Flows: The Flow of Labor Costs (in T-account form)
Salaries and Wages Payable
•Direct Labor
Work in Process Department A
•Direct Materials •Direct Labor
•Direct Materials •Direct Labor •Applied Overhead •Transferred from Dept. A
Department A
Department B
4-19
Process Cost Flows: Transfers from WIP-Dept. A to WIP-Dept. B (in journal entry form)
XXXXX XXXXX XXXXX
4-18
Process Cost Flows: Transfers from WIPDept. A to WIP-Dept. B (in T-account form)
Work in Process Department A •Direct Transferred Materials to Dept. B •Direct Labor •Applied Overhead Work in Process Department B
Work in Process - Department B Work in Process - Department A XXXXX XXXXX
4-20
Process Cost Flows: Transfers from WIP-Dept. B to Finished Goods (in T-account form)
a. Different and produced continuously.
b. Similar and produced continuously.
c. Individual units produced to customer specifications.
d. Purchased from vendors.
Process Costing
Chapter 4
PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
4-16
Process Cost Flows: The Flow of Manufacturing Overhead Costs (in T-account form)
Work in Process Department A Manufacturing Overhead
•Actual Overhead
Work in Process Department B •Direct •Cost of Materials Goods •Direct Manufactured Labor •Applied Overhead •Transferred from Dept. A
Finished Goods
•Cost of Goods Manufactured
4-5
Quick Check
Process costing is used for products that are:
a. Different and produced continuously.
b. Similar and produced continuously.
c. Individual units produced to customer specifications.
4-3
Differences Between Job-Order and Process Costing
Process costing:
1. Is used when a single product is produced on a continuing basis or for a long period of time. Job-order costing is used when many different jobs having
Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
4-2
Similarities Between Job-Order and Process Costing
• Both systems assign material, labor, and overhead costs to products and they provide a mechanism for computing unit product costs. • Both systems use the same manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods. • The flow of costs through the manufacturing accounts is basically the same in both systems.
4-17
Process Cost Flows: The Flow of Manufacturing Overhead Costs (in journal entry form)
Work in Process - Department A Work in Process - Department B Manufacturing Overhead
different production requirements are worked on each period.
2. Systems accumulate costs by department. Job-order
costing systems accumulated costs by individual jobs.
4-12
Process Cost Flows: The Flow of Raw Materials (in T-account form)
Raw Materials
•Direct Materials
Work in Process Department A
•Direct Materials
Work in Process Department B
d. Purchased from vendors.
4-6
Processing Departments
Any unit in an organization where materials, labor, or overhead are added to the product. The activities performed in a processing department are performed uniformly on all units of production. Furthermore, the output of a processing department must be homogeneous. Products in a process costing environment typically flow in a sequence from one department to another.
4-7
Learning Objective 1
Record the flow of materials, labor, and overhead through a process costing system.
4-8
Comparing Job-Order and Process Costing
Direct Labor
Processing Department
Finished Goods
Manufacturing Overhead
Cost of Goods Sold
4-11
T-Account and Journal Entry Views of Process Cost Flows
For purposes of this example, assume there are two processing departments – Departments A and B. We will use T-accounts and journal entries.
3. Systems compute unit costs by department. Job-order
costing systems compute unit costs by job on the job cost sheet.
4-4
Quick Check
Process costing is used for products that are:
Jobs
Manufacturing Overhead
Cost of Goods Sold
4-10ຫໍສະໝຸດ Baidu
Comparing Job-Order and Process Costing
Direct Materials
Costs are traced and applied to departments in a process cost system.
Work in Process Department B
•Direct Materials •Direct Labor
4-15
Process Costing: The Flow of Labor Costs (in journal entry form)
Work in Process - Department A Work in Process - Department B Salaries and Wages Payable XXXXX XXXXX XXXXX
4-21
Process Cost Flows: Transfers from WIP-Dept. B to Finished Goods (in journal entry form)
Finished Goods Work in Process - Department B XXXXX XXXXX
Direct Materials Direct Labor Work in Process Finished Goods
Manufacturing Overhead
Cost of Goods Sold
4-9
Comparing Job-Order and Process Costing
Direct Materials Direct Labor Costs are traced and applied to individual jobs in a job-order cost system. Finished Goods