Transcript Managerial Accounting, Ninth Canadian Edition (Garrison

3-1
Job-Order Costing – An Overview
Direct Materials
Job No. 1
Direct Labour
Job No. 2
Job No. 3
Copyright © 2012 McGraw-Hill Ryerson Limited
Charge
direct
material and
direct labour
costs to
each job as
work is
performed.
LO 2
3-2
Job-Order Costing – An Overview
Direct Materials
Job No. 1
Direct Labour
Manufacturing
Overhead
Copyright © 2012 McGraw-Hill Ryerson Limited
Job No. 2
Job No. 3
Manufacturing
Overhead,
including
indirect
materials and
indirect labour,
are allocated
to all jobs
rather than
directly traced
to each job.
LO 2
3-3
The Job Cost Sheet
PearCo Job Cost Sheet
Job Number A - 143
Department B3
Item Wooden cargo crate
Direct Materials
Req. No. Amount
Direct Labour
Manufacturing Overhead
Ticket Hours Amount Hours
Rate
Amount
Cost Summary
Direct Materials
Direct Labour
Manufacturing Overhead
Total Cost
Unit Product Cost
Copyright © 2012 McGraw-Hill Ryerson Limited
Date Initiated 3-4-11
Date Completed
Units Completed
Units Shipped
Date Number Balance
LO 2
3-4
Measuring Direct Materials Cost
Will E. Delite
Copyright © 2012 McGraw-Hill Ryerson Limited
LO 2
3-5
Measuring Direct Materials Cost
Copyright © 2012 McGraw-Hill Ryerson Limited
LO 2
3-6
Measuring Direct Labour Costs
Copyright © 2012 McGraw-Hill Ryerson Limited
LO 2
3-7
Job-Order Cost Accounting
Copyright © 2012 McGraw-Hill Ryerson Limited
LO 2