management 企业管理类英文版课件 11.ppt

Use only with permission of Susan Crosson Build Your Own Business with LEGOS Form groups of 4 students Obtain a 2 sets of Legos (return at end of BYOB) Assign each student member a team role: Manager (instructions and picture of product) Employee (product builder) Accountant (must have job cost card) Customer (quality control) Each team will build 2 products with accountant recording costs on job card In your group, how much does one unit cost? Compare results with other teams, do all the cost cards agree? Why not? Use only with permission of Susan Crosson Put all Legos, instructions, picture, etc. back in the bag.Return bags to front of class. Before you leave….. Use only with permission of Susan Crosson Example of Job Order Costing /~scrosson/w2002/6E/Chilly, Group E Website/index.html Use only with permission of Susan Crosson * Use only with permission of Susan Crosson Chapter 3Costing Systems: Job Order Costing Fall 2007 Crosson Use only with permission of Susan Crosson Learning Objectives: How much does it cost? Types of Product Costing Systems Cost Flows in a Job Order Costing System in T-accounts and Journal entries Completing a Job Order Cost Card Computing a Job Order’s Product Unit Cost Use only with permission of Susan Crosson In Chapter 2 the question was: How much does it cost? Unit cost of a product or service under Normal Costing: Costs of Goods Manufactured* Units produced *Actual DM, Actual DL, Applied OH Use only with permission of Susan Crosson Question refined:How much does a job cost? _______Cost of Job*_____ Number of Units Produced *DM+DL+OH Use only with permission of Susan Crosson Types of Product Cost SystemsTable 1 Job Order Costing Process Costing Income Statement format the same Use only with permission of Susan Crosson Financial Reporting of Costs Manufacturing Income Statement Sales -Cost of Goods Sold (COGS) =Gross Margin -SAG =Net Income Chapter 2 Exhibit 1 in text Example: Chapter 2 E3 or E8. Use only