全英文初级会计第四章课件.ppt

CHAPTER 4;Basic Costing Terminology…;…logically extended;Assuming Product A B share one common cost (pool) Allocation rate = Common cost pool / total cost-allocation base Common cost allocated to A = Allocation rate × cost-allocation base shared by A Common cost allocated to B = Allocation rate × cost-allocation base shared by B;E.g.$10000 Indirect cost incurred for Product A B for the year, and the cost allocation base is Machine Hour. And also 5000 Machine Hours in total were spent on A B during the year, 3000 hours for A and 2000 for B. Then, Allocation rate = $10000 / 5000 Hrs = $2 per hour -Indirect cost allocated to A = $2 × 3000 = $6000 -Indirect cost allocated to B = $2 × 2000 = $4000;Costing Systems;Costing Approaches;Seven-step Job Costing;CHAI ‘s Approach to Job Costing;Robinson case in the textbook (to be continued);3.Two Major Cost Objects;4.What are Source Documents?;Job Costing Overview; Actual costing V.S. Normal costing;Robinson case in the textbook (continued);Longer Time Period Used to Compute Indirect-Cost Rates;Budgeted Indirect Costs;End-Of-Period Adjustments;End-Of-Period Adjustments;Journal Entries;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Journal Entries, continued;Accounting for Overhead;Accounting for Overhead;Three Methods for Adjusting the Over/Underapplied Situations