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CHAPTER 2
Manufacturing Costs
Merchandising and Manufacturing Firms
Common Manufacturing Overhead Costs (Illustration 2-2)
Nonmanufacturing Costs
Product and Period Costs
Relationships Among Cost Categories (Illustration 2-3)
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Slide 10
Slide 11
Product Cost Information in Financial Reporting/Decision Making
Decision Making/ Incremental Analysis
Decision Making/ Incremental Analysis
Balance Sheet Presentation of Product Costs
Flow of Product Costs
Flow of Product Costs in Accounts
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Income Statement Presentation of Product Costs
Income Statement Presentation of Product Costs
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Job Order versus Process Costing
Relating Product Costs to Jobs
Job Costs and Financial Statement Accounts
Job Order Costing System
Job Cost Sheet
Job Costs – Direct Materials
Job Costs – Direct Materials
Job Costs – Direct Labor
Job Costs – Direct Labor
Job Costs – Manufacturing Overhead
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Job Costs – Manufacturing Overhead
Job Costs – Manufacturing Overhead
Decision Making / Incremental Analysis
Decision Making / Incremental Analysis
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Slide 39
Overhead Allocation Rates
Overhead Allocation Bases
Activity Based Costing (ABC)
Predetermined Overhead Rates
Overapplied Overhead
Underapplied Overhead
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Slide 47
Eliminating Overapplied or Underapplied Overhead
Eliminating Overapplied or Underapplied Overhead
Eliminating Overapplied or Underapplied Overhead
Job-Order Costing for Service Companies
Service Company Example
Job-Order Cost for Call Center
Customer Profitability
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Slide 56
Full and Incremental Cost
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