PPT - Job Order Costing | Cost Accounting - B Com PDF Download

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Job Order Costing 
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?
Job Order Costing 
?
? Definition Of Job order costing
? Job order production and costing 
? Process production and costing
? Calculating unit cost with job order costing
? The flow of costs through the accounts 
? ABC and job order costing 
? Applying overhead using functional approaches
? Difference between functional & activity based costing
? Overhead Variance
? Summary of Manufacturing Cost Flows 
? Accounting for Nonmanufacturing cost 
Learning Objectives
Page 3


?
Job Order Costing 
?
? Definition Of Job order costing
? Job order production and costing 
? Process production and costing
? Calculating unit cost with job order costing
? The flow of costs through the accounts 
? ABC and job order costing 
? Applying overhead using functional approaches
? Difference between functional & activity based costing
? Overhead Variance
? Summary of Manufacturing Cost Flows 
? Accounting for Nonmanufacturing cost 
Learning Objectives
?
Job order costing system is generally used by companies
that manufacture a number of different products. It is a
widely used costing system in manufacturing as well as
service industries. Manufacturing companies using job order
costing system usually receive orders for customized
products and services. These customized orders are known
as jobs or batches.
Definition Of Job order costing
Page 4


?
Job Order Costing 
?
? Definition Of Job order costing
? Job order production and costing 
? Process production and costing
? Calculating unit cost with job order costing
? The flow of costs through the accounts 
? ABC and job order costing 
? Applying overhead using functional approaches
? Difference between functional & activity based costing
? Overhead Variance
? Summary of Manufacturing Cost Flows 
? Accounting for Nonmanufacturing cost 
Learning Objectives
?
Job order costing system is generally used by companies
that manufacture a number of different products. It is a
widely used costing system in manufacturing as well as
service industries. Manufacturing companies using job order
costing system usually receive orders for customized
products and services. These customized orders are known
as jobs or batches.
Definition Of Job order costing
?
-A job order costing system accumulates manufacturing costs by 
job.
- Such a system is used when separate jobs are identifiable ,such 
as a furniture manufacturer.
-Unit costs in a job order system are calculated by dividing the 
total manufacturing cost of the job by the number of units 
produced in the job.
Job order production and 
costing 
Page 5


?
Job Order Costing 
?
? Definition Of Job order costing
? Job order production and costing 
? Process production and costing
? Calculating unit cost with job order costing
? The flow of costs through the accounts 
? ABC and job order costing 
? Applying overhead using functional approaches
? Difference between functional & activity based costing
? Overhead Variance
? Summary of Manufacturing Cost Flows 
? Accounting for Nonmanufacturing cost 
Learning Objectives
?
Job order costing system is generally used by companies
that manufacture a number of different products. It is a
widely used costing system in manufacturing as well as
service industries. Manufacturing companies using job order
costing system usually receive orders for customized
products and services. These customized orders are known
as jobs or batches.
Definition Of Job order costing
?
-A job order costing system accumulates manufacturing costs by 
job.
- Such a system is used when separate jobs are identifiable ,such 
as a furniture manufacturer.
-Unit costs in a job order system are calculated by dividing the 
total manufacturing cost of the job by the number of units 
produced in the job.
Job order production and 
costing 
?
-A process costing system is used where similar or homogeneous units 
are mass produced ,such as the manufacture of paint or bricks. 
-in a process costing system , production costs are accumulated by 
process or by department for a given period of time 
-unit costs are calculated by dividing the processing department's costs 
by the output for the period.
Process production and 
costing