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chapter
19
Job Order Costing
______________________________________________
OPENING COMMENTS
Chapter 19 introduces students to managerial job order cost systems. Students will be exposed to the
terminology used to describe costs related to manufacturing.
The first of two basic manufacturing accounting systems, job order, is described in this chapter. Students
learn how costs flow through a manufacturing system and the basis for determining product costs under
job order costing.
After studying the chapter, your students should be able to:
1. Describe cost accounting systems used by manufacturing businesses.
2. Describe and illustrate a job order cost accounting system.
3. Describe the use of job order cost information for decision making.
4. Describe the flow of costs for a service business that uses a job order cost accounting system.
KEY TERMS
activity base
activity-based costing
cost accounting systems
cost allocation
finished goods ledger
job cost sheets
job order cost system
materials ledger
materials requisition
overapplied factory overhead
predetermined factory overhead rate
358 Chapter 19 Job Order Costing
process cost system
receiving report
time tickets
underapplied factory overhead
STUDENT FAQS
• Why is it necessary to calculate a predetermined overhead rate?
• Why is factory overhead “Actual” debited to record factory overhead?
• If all material goes into a materials account when purchased, then why is it designated direct or
indirect material when it is taken out of the materials account?
• What is the difference between under- and overapplied factory overhead?
• Basically, job order is custom-ordered items from a customer. Then why is it necessary to keep up
with all costs when an estimate has been given before the job is taken?
• Can a business use both process and job order costing?
• Why is it necessary to keep up with the flow of costs in a job order system?
• When we credit accumulated depreciation for the factory depreciation, why don’t we debit
depreciation expense?
OBJECTIVE 1
Describe cost accounting systems used by manufacturing businesses.
SYNOPSIS
Cost accounting systems measure, record, and report product costs. Two main types of cost accounting
systems are job order costing and process costing. A job order costing provides products costs for each
quantity of product that is manufactured. Each quantity is called a job. Such manufactures usually
produce custom products in batches. Process cost systems are used by companies that manufacture
homogeneous products using a continuous process.
Key Terms and Definitions
• Cost Accounting Systems - Systems that measure, record, and report product costs.
• Job Order Cost System - A type of cost accounting system that provides for a separate record of
the cost of each particular quantity of product that passes through the factory.
• Process Cost System - A type of cost system that accumulates costs for each of the various
departments within a manufacturing facility.
Chapter 19 Job Order Costing 359
Relevant Example Exercises and Exhibits
• Exhibit 1 – Summary of Legend Guitars’ Manufacturing Operations
SUGGESTED APPROACH
Transparency Master (TM) 19-1 describes the focus and information provided by cost accounting
systems. After reviewing this information, introduce students to job order and process cost systems.
Emphasize that job order systems are used by companies that make custom, special-order type goods or
produce a high variety of products. Process cost systems are used by companies that make “a whole
bunch of stuff that all looks the same” under a continuous manufacturing process. Ask your students to
name types of manufacturers that would make products suitable to a job order system (such as new-
construction homes, replacement windows, class rings, business cards, and wedding invitations). Repeat
this exercise to identify process cost manufacturers.
OBJECTIVE 2
Describe and illustrate a job order cost accounting system.
SYNOPSIS
Using the job order cost system, perpetual inventory accounts and subsidiary ledgers are maintained for
materials, work in process, and finished goods inventories. The materials account in the general ledger is
a controlling account; a subsidiary ledger is kept with a separate account for each type of materials. The
accounts are increased based on receiving reports and decreased through material requisitions. The
receiving report triggers a journal entry that debits Materials and credits Accounts Payable. The material
requisition transaction debits Work in Process and credits Materials. When employees work on an
individual job, they use time tickets to record the amount of time they have worked on a specific job.
Work in Process is debited and Wages Payable is credited for the cost of the labor.
Factory overhead includes indirect materials, indirect labor, utilities, and depreciation. When these items
are due, Factory Overhead is debited and Materials, Wages Payable, Utilities Payable, and Accumulated
Depreciation are credited. The costs accumulated in the Factory Overhead account must be allocated to
the jobs as they cannot be traced directly to a specific job. A common measure called an activity base is
used to allocate the costs. Common activity bases are labor hours, direct labor cost, and machine hours.
The predetermined factory overhead rate is computed as: predetermined factory overhead rate = estimated
total factory overhead costs/estimated activity base. After these costs are accumulated, the costs assigned
to each job are debited to the associated work in process account and credited to Factory Overhead. At the
end of the year, the actual and applied factory overhead usually differs because the applied overhead is
based on estimates determined at the beginning of the year. If the applied overhead is less than the actual
overhead, Factory Overhead will have a debit balance. This balance is transferred to cost of goods sold by
debiting Cost of Goods Sold and crediting Factory Overhead, which increases the cost of goods sold. If
the applied balance is more than the actual overhead, factory overhead will have a credit balance. This
balance is transferred to the cost of goods sold by debiting Factory Overhead and crediting Cost of Goods
Sold, which decreases the cost of goods sold.
360 Chapter 19 Job Order Costing
During the period, Work in Process is increased by the costs of direct materials, direct labor, and applied
factory overhead. In addition to the transactions recorded, job cost sheets are also used to keep track of
costs associated with each identified job. When a job is completed, the costs associated with that job are
transferred to finished goods by a debit to Finished Goods and a credit to Work in Process. The costs of
making the product are now in finished goods, and, as the product is sold, an immediate estimate of profit
can be determined. When the product is sold, two journal entries are made. The first entry is to debit
Accounts Receivable and credit Sales to record the sale on account. The second entry, a debit to Cost of
Goods Sold and a credit to Finished Goods, is to record the removal of the product from the inventory.
Period costs are necessary to generate revenue but are not costs involved in the manufacturing process.
They are recorded as either selling or administrative expenses of the current period. Exhibit 9 illustrates
how costs flow through the cost system.
Key Terms and Definitions
• Activity Base (Driver) - A measure of activity that is related to changes in cost. Used in
analyzing and classifying cost behavior. Activity bases are also used in the denominator in
calculating the predetermined factory overhead rate to assign overhead costs to cost objects.
• Activity-Based Costing (ABC) - A cost allocation method that identifies activities causing the
incurrence of costs and allocates these costs to products (or other cost objects), based on activity
drivers (bases).
• Cost Allocation - The process of assigning indirect cost to a cost object, such as a job.
• Finished Goods Ledger - The subsidiary ledger that contains the individual accounts for each
kind of commodity or product produced.
• Job Cost Sheet - An account in the work in process subsidiary ledger in which the costs charged
to a particular job order are recorded.
• Materials Ledger The subsidiary ledger containing the individual accounts for each type of
material.
• Materials Requisition - The form or electronic transmission used by a manufacturing department
to authorize materials issuances from the storeroom.
• Overapplied Factory Overhead - The amount of factory overhead applied in excess of the
actual factory overhead costs incurred for production during a period.
• Predetermined Factory Overhead Rate - The rate used to apply factory overhead costs to the
goods manufactured. The rate is determined by dividing the budgeted overhead cost by the
estimated activity usage at the beginning of the fiscal period.
• Receiving Report - The form or electronic transmission used by the receiving personnel to
indicate that materials have been received and inspected.
• Time Tickets - The form on which the amount of time spent by each employee and the labor cost
incurred for each individual job, or for factory overhead, are recorded.
• Underapplied Factory Overhead - The amount of actual factory overhead in excess of the
factory overhead applied to production during a period.
Relevant Example Exercises and Exhibits
• Example Exercise 19-1 Issuance of Materials
• Example Exercise 19-2 Direct Labor Costs
• Example Exercise 19-3 Factory Overhead Costs
• Example Exercise 19-4 Applying Factory Overhead
• Example Exercise 19-5 Job Costs
Chapter 19 Job Order Costing 361
• Example Exercise 19-6 Cost of Goods Sold
• Exhibit 2 – Flow of Manufacturing Costs
• Exhibit 3 – Inventory Ledger Accounts
• Exhibit 4 – Materials Information and Cost Flows
• Exhibit 5 – Labor Information and Cost Flows
• Exhibit 6 – Applying Factory Overhead to Jobs
• Exhibit 7 – Job Cost Sheets and the Work in Process Controlling Account
• Exhibit 8 – Finished Goods Ledger Account
• Exhibit 9 – Flow of Manufacturing Costs for Legend Guitars
• Exhibit 10 – Income Statement of Legend Guitars
SUGGESTED APPROACH
Objective 2 introduces students to the various documents and procedures used in accumulating the
accounting data under a job order system. Two different approaches to cover the documents in a job order
system are described below.
CLASS DISCUSSION—Information Needed in a Job Order System
Ask your students to assume that they manage the manufacturing operations for the custom order division
of a company that makes fine jewelry. The company’s raw materials consist mainly of gold (10 karat and
14 karat), precious stones, and semiprecious stones. Ask your students to describe manufacturing
information that would be important to track. List their responses on the board.
Your students should list many of the following concerns. Point out the accounting documents used to
gather and report this information.
The amount of each type of Materials Ledger — shows a record of the
material on hand amount of each material on hand
The quantity of material Materials Requisition — provides
used on each customer order authorization for materials to be released
from the inventory storage area; shows
specific quantity of materials used in each
customer order
The labor costs used on each Time Tickets — filled out by
customer order. employees; shows the amount of time
spent working on each job and the
labor cost
The total cost of making a Job Cost Sheet — lists materials (from materials
customer’s order requisitions), labor costs (from time tickets),
and overhead used on each customer job
362 Chapter 19 Job Order Costing
The costs incurred on jobs Cost Ledger — job cost sheets for all orders in process
currently in process
The total cost of all completed Finished Goods Ledger — job cost sheets for
jobs all finished orders
CLASS DISCUSSION—Documents and Procedures in a Job Order System
You can also cover this objective through a bit of role playing. Tell your class to assume that they are
workers for the custom order division of a manufacturer that makes fine jewelry. Assign specific
manufacturing job responsibilities to various class members. Ask your students the questions listed below
concerning the procedures and documents they would use in their jobs.
The goal is for students to understand the information needed by various manufacturing personnel and
then attach a name to documents that report that information. You may need to be the person who
attaches the name to the students’ ideas. For example, when you ask the production scheduler how he or
she will inform the storeroom clerk of the need for inventoried materials, he or she will probably suggest
writing a note or memo. (If the production scheduler says, “I’d call the storeroom clerk,” state that all
requests need to be in writing because of the volume of requests for raw materials.) Next, ask the
scheduler what information would be on the memo. Then you can attach a name to this memo; the
document used to request that material is a materials requisition.
1. Appoint one of your students to be the production scheduler for your company. Whenever this
student receives a customer order, he or she is to schedule when the item will be made. Tell that
student to assume that the company has just received an order to make World Series rings for the
winning baseball team. Ask him or her to name the steps that would need to be taken to schedule the
job. The student should mention the following (with a little prodding from you, if necessary):
a. Look at other jobs scheduled to see when workers will have time to start this job.
b. Determine whether the materials are on hand to make the rings.
Tell the student to assume that materials need to be ordered (the details of purchasing raw materials
are not specifically described in this chapter, you may wish to skip to step 3 which is covered in the
chapter). The company’s purchasing agent orders all materials. Ask the student how he or she would
tell the purchasing agent what to order. (Answer: Fill out a purchase requisition.)
2. Name one student as the purchasing agent. Ask what he or she would do after receiving the purchase
requisition. (Answer: Fill out a purchase order and transmit it to the vendor.)
3. Appoint a student to be the receiving department. Ask what he or she would do when goods are
received. (Answer: Inspect and count the items, fill out a receiving report, and take the materials to
the storeroom.)
4. Name a storeroom supervisor. Ask this student what he or she would do when the materials are
received. (Answer: Put them away, preferably where they are locked up.)
Chapter 19 Job Order Costing 363
Next, ask this student whether he or she would give materials to any employee who asked for them.
What would the storeroom supervisor need in order to give materials to a production employee?
(Answer: a materials requisition)
5. Ask one student to be the skilled craftsman who is going to make the rings. Tell the student that the
company wants to know the labor cost of all orders. Ask what information he or she would record so
the company could determine the labor cost. (Answer: The time spent working on the order would be
recorded on a time ticket.)
6. Appoint one of your students as the accountant. That student needs to determine the cost to make the
rings. Ask him or her to describe how to get the information to determine the cost. (Answer: Take
materials used from the materials requisition and labor costs from the time tickets; these costs, along
with overhead, are recorded on a job cost sheet.)
Ask the student how he or she could determine the costs spent on jobs that have been completed.
(Answer: Add up the job cost sheets for all finished jobs. The job cost sheets for all finished jobs make up
the finished goods ledger.)
Finally, ask the accountant how he or she could determine the costs spent on all jobs that are still being
worked on. (Answer: Add up the job cost sheets for the jobs still in process. The job cost sheets for jobs
in process make up the cost ledger.)
LECTURE AID—Allocation of Overhead
In addition to direct materials cost and direct labor cost, objective 2 covers the allocation of overhead
costs in a job order setting. The following example may be helpful in explaining why overhead costs need
to be allocated.
Assume that you are responsible for planning a banquet for your school’s accounting club. The banquet
will feature a dinner, followed by a speaker. The costs associated with the banquet are as follows:
Meals $10 per person
Beverages (coffee and tea) $1 per person
Use of banquet room $50
Speaker’s fee $100
Assume that 50 students will attend the banquet. If you want to break even on this event, how much do
you need to charge for a ticket? (Answer: $14)
In this case, meals and beverages are costs that can be traced to each student attending the banquet. Fees
paid for use of the room and to the speaker cannot be directly traced to each student. These costs must be
allocated to each attendee in order to determine what it will cost each person to attend the banquet. The
$150 in costs allocated over 50 people equals $3 per person.
364 Chapter 19 Job Order Costing
DEMONSTRATION PROBLEM—Allocation of Overhead
The costs of manufacturing a product that cannot be traced to a particular job are called overhead.
Overhead costs must be allocated to the products made to determine what each product costs.
Point out that, unlike the situation in the banquet example, overhead costs usually are not divided evenly
over the number of units produced. Assume that a television manufacturer spent $500,000 on overhead
costs to make 50,000 televisions. At first glance, it might seem fair to allocate $10 in overhead to each
television. But what if some televisions were big-screen stereo sets and some were small, portable
models? It isn’t fair to charge each set with the same overhead if some models are more complicated to
manufacture than others.
Assume that MTM manufacturing estimates it will spend $1 million on overhead expenses. MTM is a
highly automated manufacturing plant; therefore, the majority of its overhead expenses relate to
machinery (depreciation, repairs and maintenance, electricity used). Machine hours used would be a
reasonable way to allocate overhead costs to products because use of machinery causes (or drives)
overhead expenses. MTM estimates that it will run its machines for 40,000 hours during the year.
The formula to calculate MTM’s predetermined overhead rate is as follows:
Estimated Total Factory Overhead Costs $1,000,000 $25/hour
Estimated Activity Base (machine hours) 40,000 hours
==
In this case, $25 in overhead is allocated each time a product accumulates one hour of machine time.
Ask your students to calculate the overhead that would be allocated to a product that uses 3.5 hours of
machine time. (Answer: $87.50) Remind students that overhead costs are added to the product’s materials
and labor costs.
Emphasize that the identification of the appropriate activity base or driver is essential to developing
accurate product costs. If a highly automated manufacturer allocates overhead based on direct labor hours,
the resulting product costs may be distorted. The activity base should be related to the incurrence of
overhead costs.
In practice, more than one factory overhead rate may be used for applying overhead. Materials-related
overhead (such as purchasing, materials receiving or inspection, and materials storage costs) could be
allocated based on the direct materials cost of a product, with the remaining overhead allocated based on
direct labor hours or machine hours. Using activity-based costing to allocate overhead is discussed and
illustrated in Chapter 25.
DEMONSTRATION PROBLEM—Overapplied and Underapplied Overhead
Ask your students to calculate the amount of overhead allocated to the products of a company that has a
predetermined overhead rate of $10 per machine hour if machines were used for 10,000 hours. (Answer:
$100,000)
Chapter 19 Job Order Costing 365
What if the company actually spent $95,000 on overhead costs? The company has overapplied overhead
of $5,000. A company may have overapplied or underapplied overhead if:
1. Actual overhead costs do not equal the estimated costs used to compute the predetermined overhead
rate.
2. The actual activity base (machine hours) does not equal the estimated activity base used to compute
the predetermined overhead rate.
TM 19-2 shows circumstances where over- and underapplied overhead occur and how they are treated in
the accounting records.
GROUP LEARNING ACTIVITY—Journal Entries in a Job Order System
Exhibit 2 in the text summarizes the flow of costs in a job order cost system (costs move from materials
inventory to work in process to finished goods to cost of goods sold). Exhibit 8 shows the entries needed
to record manufacturing costs in T accounts. Ask your students to record the journal entries listed on TM
19-3, using Exhibits 2 and 8 as a guide. The correct entries are displayed on TM 19-4. You may want to
have your students post these entries to T accounts and determine account balances.
Emphasize the following points as students record their entries:
1. Materials requisitions serve as the basis for transferring material costs from materials to work in
process and factory overhead.
2. Actual overhead costs are debited to factory overhead. Applied overhead costs are credited to factory
overhead.
3. Entries to work in process are supported by job cost sheets. At the end of the period, the sum of the
totals from all job cost sheets that are still in process must equal the balance of work in process.
4. Product sales serve as the basis for transferring jobs from finished goods to cost of goods sold.
OBJECTIVE 3
Describe the use of job order cost information for decision making.
SYNOPSIS
The job order cost system allows managers to compare the costs of similar jobs, compare overtime, and
compare actual costs to expected costs. Discrepancies can be investigated and future costs controlled.
Relevant Example Exercises and Exhibits
• Exhibit 11 – Comparing Data from Job Cost Sheets
366 Chapter 19 Job Order Costing
SUGGESTED APPROACH
The goal of this objective is to explore the ways in which job cost information is used in decision making.
To put your students in the role of decision maker, use the following Group Learning Activity.
GROUP LEARNING ACTIVITY—Decision Making
Handout 19-1 is a brief problem asking students to interpret two job cost sheets. Ask your students to
work on this problem in groups. After providing sufficient time, ask some of the groups to report their
responses. TM 19-5 provides the solution.
Comparing the two job cost sheets shows that the improved price per pound of alloy does not offset the
increased costs associated with higher materials usage rates and reduced casting and machining
department efficiency. It is likely that the events are related. The lower alloy cost has probably resulted
from the purchase of sub-quality raw materials. As a result, more alloy is required per casting on Job 210
than on prior jobs. In addition, the casting and machining departments are having greater difficulty with
the castings, causing the efficiency of the departments to drop. Therefore, it appears that the new alloy
vendor is causing the company to experience more scrapped castings, which increases the materials cost
and conversion costs to produce product. Shipping costs are unaffected.
Job 210 also is allocated more overhead because it now consumes more labor hours. This allocation
appears logical, since the job probably requires more overhead resources. The cost of activities such as
scheduling, production control, and quality have probably increased because of the greater unreliability of
the casting operations, caused by the lower quality alloy.
OBJECTIVE 4
Describe the flow of costs for a service business that uses a job order cost accounting system.
SYNOPSIS
A job order cost system can also be used for a professional service business. Customers can be viewed as
jobs for which costs are accumulated. The primary product costs for services are direct labor and
overhead. These costs can be tracked on a job sheet and accumulated in a work in process account. The
work in process account is supported by a cost ledger and job cost sheet for each client. When the job is
completed, costs can be transferred to a cost of services account and the client can be billed. Service
businesses may also bill clients in advance and record the payment as deferred revenue. The flow of costs
through a service business is shown in Exhibit 12.
Relevant Example Exercises and Exhibits
• Exhibit 12 – Flow of Costs Through a Service Business
Chapter 19 Job Order Costing 367
SUGGESTED APPROACH
Explain that cost accounting can be applied to any organization that needs to determine the cost of its
product. For a service business, the product is the service provided. Cost accounting can be used by an
advertising agency to determine the cost to produce an ad for a customer, by an accountant to determine
the cost of preparing a tax return, or by a plumber to determine the cost to clean a drain.
Refer your students to Exhibit 11 in the text. While reviewing that diagram, stress the following points:
1. The costs incurred by a service organization are labor and overhead. Any supplies used are treated as
an overhead expense.
2. A cost of services account is used to record the cost of completed jobs.
GROUP LEARNING ACTIVITY—Job Order Costing in a Service Business
TM 19-6 presents information about a CPA firm that does audit and tax work. Divide your class into
small groups and instruct students to determine the cost to prepare a tax return. The solution is shown on
TM 19-7.
Handout 19-1
Decision Making Using Job Cost Data
Griffin Casting Company is a job shop that manufactures castings for a variety of purposes. The
following two job cost sheets relate to two different orders for an identical casting used to house
automobile generators. As can be seen from the two job cost sheets, the unit cost has
increased between March and October. The purchasing manager has explained that the
problem is not with the purchasing department. In October, purchasing was able to buy metal
alloys from a new vendor at a price of $12 per pound, a savings of $3 per pound from the
previous vendor used in March. The new vendor has not been quality certified.
Required: Interpret the job cost reports to determine what has caused the per unit cost increase.
Job 100 Date Completed: March 30 Item: 40 automobile generator housings
Materials: Quantity Price Amount
Alloy (pounds) 60 $15.00 $900
Fasteners 160 0.25 40
Total materials $940
Direct labor: Hours Rate Amount
Casting 20.00 $14.00 $280
Machining 40.00 16.00 640
Shipping 4.00 10.00 40
Total direct labor 64.00 $960
Factory overhead
(200% of direct labor dollars) 960 200% $1,920
Total Cost $3,820
Total Units ÷ 40
Unit Cost $95.50
Job 210 Date Completed: October 15 Item: 100 automobile generator housings
Materials: Quantity Price Amount
Alloy (pounds) 200 $12.00 $2,400
Fasteners 400 0.25 100
Total materials $2,500
Direct labor: Hours Rate Amount
Casting 60.00 $14.00 $2,840
Machining 120.00 16.00 1,920
Shipping 10.00 10.00 100
Total direct labor 190.00 $2,860
Factory overhead
(200% of direct labor dollars) 2,860 200% $5,720
Total Cost $11,080
Total Units ÷ 100
Unit Cost $110.80
Type Item Description LO(s) Difficulty Time Est BUSPROG AICPA ACBSP - APC Bloom's EE Excel GL SMH FAI Service Real World Writing Ethics Internet Group
DQ 1 1 Easy 5 min. Analytic Measurement Job Order Costing Remembering
DQ 2 1 Easy 5 min. Analytic Measurement Job Order Costing Remembering
DQ 3 2 Easy 5 min. Analytic Measurement Job Order Costing Remembering
DQ 4 2 Easy 5 min. Analytic Measurement Job Order Costing Remembering
DQ 5 2 Easy 5 min. Analytic Measurement Job Order Costing Remembering
PE 4A Applying factory overhead 2 Easy 10 min. Analytic Measurement Job Order Costing Applying x
PE 4B Applying factory overhead 2 Easy 10 min. Analytic Measurement Job Order Costing Applying x
PE 5A Job costs 2 Easy 10 min. Analytic Measurement Job Order Costing Applying x
PE 5B Job costs 2 Easy 10 min. Analytic Measurement Job Order Costing Applying x
PE 6A Cost of goods sold 2 Easy 5 min. Analytic Measurement Job Order Costing Applying x
PE 6B Cost of goods sold 2 Easy 5 min. Analytic Measurement Job Order Costing Applying x
EX 1 Transactions in a job order cost system 2 Easy 5 min. Analytic Measurement Job Order Costing Remembering
EX 2 Cost flow relationships 2 Easy 10 min. Analytic Measurement Job Order Costing Applying x
EX 3 Cost of materials issuances under the FIFO method 2 Moderate 30 min. Analytic Measurement Job Order Costing Applying x
EX 4 Entry for issuing materials 2 Easy 5 min. Analytic Measurement Job Order Costing Applying x
EX 5 Entries for materials 2 Moderate 30 min. Analytic Measurement Job Order Costing Applying x
EX 6 Entry for factory labor costs 2 Easy 5 min. Analytic Measurement Job Order Costing Applying x
EX 7 Entry for factory labor costs 2 Moderate 15 min. Analytic Measurement Job Order Costing Applying
EX 8 Entries for direct labor and factory overhead 2 Moderate 10 min. Analytic Measurement Job Order Costing Applying x
EX 9 Factory overhead rates, entries and account balance 2 Moderate 30 min. Analytic Measurement Job Order Costing Applying x
EX 10 Predetermined factory overhead rate 2 Moderate 15 min. Analytic Measurement Job Order Costing Applying x
EX 11 Predetermined factory overhead rate 2 Moderate 15 min. Analytic Measurement Job Order Costing Applying x
EX 12 Entry for jobs completed; cost of unfinished jobs 2 Moderate 15 min. Analytic Measurement Job Order Costing Applying x
EX 13 Entries for factory costs and jobs completed 2 Moderate 30 min. Analytic Measurement Job Order Costing Applying
PR 2B Entries and schedules for unfinished jobs and completed jobs 2 Challenging 1.5 hours Analytic Measurement Job Order Costing Applying x x
PR 3B Job order cost sheet 2,3 Challenging 1 hour Analytic Measurement Job Order Costing Applying x x
PR 4B Analyzing manufacturing cost accounts 2 Challenging 1.5 hours Analytic Measurement Job Order Costing Applying x
PR 5B Flow of costs and income statement 2 Challenging 1.5 hours Analytic Measurement Job Order Costing Applying x
CP 1 Managerial analysis 2 Easy 15 min. Analytic Measurement Job Order Costing Analyzing x
CP 2 Job order decision making and rate deficiencies 3 Challenging 1 hour Analytic Measurement Job Order Costing Analyzing x
CP 3 Factory overhead rate 2 Moderate 30 min. Analytic Measurement Job Order Costing Analyzing x
CP 4 Recoding manufacturing costs 2 Moderate 30 min. Analytic Measurement Job Order Costing Applying x
CP 5 Predetermined overhead rate 2 Moderate 45 min. Analytic Measurement Job Order Costing Applying x
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