Learn and practice the Bridge computation of Job Order Costing in Excel and Over and Under Applied Overhead.
What you will learn
Overview and Terminology of Job Order Costing
Nascar Racing Car Bodies Introduction and Classification Drill
Review: Accounting for Inventory Flows: Base Method
Service Job Cost and Margin Record: Trusty and Accurate CPA’s
Before, During, After & Fixit Method: Manufacturing Overhead (MOH) Over Under Allocated
Description
Learn and practice the straightforward Bridge computation of Job Order Costing in Excel and Over and Under Applied Manufacturing Overhead. Like all Practical Accounting modules, a beginner friendly workbook is included, along with a walk through of how to use Excel to stay organized and speed up your calculations.
Lesson 1: Overview and Terminology of Job Order Costing
Explaining Key Terms and the Big Picture of When Job Order Costing is Used.
Lesson 2: Nascar Racing Car Bodies Introduction and Classification Drill
Watch a five minute “How It’s Made” factory tour then complete a graded classification practice using the workbook attached in Lesson 1.
Lesson 3: Review: Accounting for Inventory Flows: Base Method
Review the Transactions, BASE Method Flow of Costs and Job Cost and Margin Report then Practice them on Bridge Templates in the attached workbook.
Lesson 4: Service Job Cost and Margin Record: Trusty and Accurate CPA’s
Review the many similarities and few differences when using Job Order Costing for a Service Business.
Lesson 5: Before, During, After & Fixit Method: Manufacturing Overhead (MOH) Allocation
Under & Overallocation of Manufacturing Overhead. Learn the Why and How of this challenging topic with our unique four step process on one Excel Sheet.
Content