The procedure for cost accumulation in job order costing:
1. Materials costs:
In job order costing, materials requisitions are used and changes are made to order.
2. Labor costs:
Time tickets sheet are used in job order costing to accumulate costs by jobs.
3. Factory overhead:
Job cost requires the use of predetermined rates for charging overhead to orders.
4. Summarizing costs:
Job order costs sheet is used to accumulate the cost of an order in job order costing.
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