"Disadvantage of job order costing" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 3 of 50 - About 500 Essays
  • Good Essays

    Job Order Cost

    • 1179 Words
    • 5 Pages

    Job Order Cost System There are two main cost accounting systems used: Job order cost systems and Process cost systems.  Both have very distinct differences that help each specialize in a certain type of manufacturing company.  The job order cost system in particular is used to "provide product costs for each quantity of a product that is manufactured." When a product is called to be manufactured‚ then it is called a job.  Once the job is ordered‚ the manufacturing company must go through a flow

    Premium Cost accounting Manufacturing

    • 1179 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Traditional costing versus Activity-based costing Advantages and disadvantages Costing systems are the programs that supply information about the value of direct labor hours and numbers of units produced. With the help of data such as product cost‚ the managers can generate estimation of cost associated with different activity carried in the organization. The costs systems operate by taking total cost as basic for calculation. Costing is essential for every organization‚ as every manufacturing and

    Premium Cost Costs Variable cost

    • 2563 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    Hogle Company – Job Order Costing Example Hogle Company is a manufacturing firm that uses job-order costing. On January 1‚ the beginning of its fiscal year‚ the company’s inventory balances were as follows: Raw materials $20‚000 Work in process 15‚000 Finished goods 30‚000 Prepaid Insurance 10‚000 The company applies overhead cost to jobs on the basis of machine-hours worked. For the current year‚ the company estimated that it would work 75‚000 machine hours and incur $450

    Premium Manufacturing Inventory

    • 316 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    ------------------------------------------------- Chapter 5—Job Order Costing MULTIPLE CHOICE 1. Which of the following organizations would be most likely to use a job-order costing system? a. | the loan department of a bank | b. | the check clearing department of a bank | c. | a manufacturer of processed cheese food | d. | a manufacturer of video cassette tapes | ANS: A PTS: 1 DIF: Moderate OBJ: 5-1 NAT: AACSB: Reflective Thinking LOC: AICPA Functional

    Premium Management Prime number Economics

    • 4642 Words
    • 19 Pages
    Powerful Essays
  • Satisfactory Essays

    advantages of an Activity Based Costing System: The first and most important advantage is the accuracy in the process of costing with regards to the product line‚ the end-users of the product‚ the stock-keeping units employed by the management and the channel and category which streamline the flow of the product from the producer to the end user. This system better assists in the process of understanding the concept of overheadcosts i.e. the allocation of common business resources as they are used

    Premium Costs Cost Marginal cost

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Advantages and Disadvantages of Two Jobs My neighbor Sue lives in a nice house and has two luxurious cars in the driveway. Her overtime hours at work are being eliminated‚ so the money she is used to making is becoming less. So‚ Sue must decide whether or not to take on a second job to live the way she is accustomed to. There are numerous advantages and disadvantages in working two jobs. Before deciding on working two jobs‚ it would be a good idea to consider these positives and negatives

    Premium Sleep deprivation Fatigue

    • 659 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    obtain part time jobs. There are numberous reasons that students should experient some part time jobs‚ however the negative effects should be considered‚ too. Look on the bright side‚ as Miss Lan Phuong said above‚ we will harvest many things via working such as finance‚ chance to more mature‚ widen the relationship‚ and better understanding our self. However‚ it doesn’t mean that all the students should immediately get out of the house and get a job‚ there are some disadvantages should be considered:

    Premium Full-time Study skills Time

    • 349 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    costing

    • 478 Words
    • 2 Pages

    Introduction: Process costing is a form of operations costing which is used where standardized homogeneous goods are produced. This costing method is used in industries like chemicals‚ textiles‚ steel‚ rubber‚ sugar‚ shoes‚ petrol etc. Process costing is also used in the assembly type of industries also. It is assumed in process costing that the average cost presents the cost per unit. Cost of production during a particular period

    Premium Costs Cost accounting Cost

    • 478 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    costing

    • 6947 Words
    • 28 Pages

    Introduction to Standard Costing Standard costing is an important subtopic of cost accounting. Standard costs are usually associated with a manufacturing company’s costs of direct material‚ direct labor‚ and manufacturing overhead. Rather than assigning the actual costs of direct material‚ direct labor‚ and manufacturing overhead to a product‚ many manufacturers assign the expected or standard cost. This means that a manufacturer’s inventories and cost of goods sold will begin with amounts reflecting

    Premium Net present value Rate of return Time value of money

    • 6947 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Costing

    • 4343 Words
    • 18 Pages

    TOTAL ASSET MANAGEMENT Life Cycle Costing Guideline September 2004 TAM04-10 Life Cycle Costing Guideline September 2004 TAM04-10 ISBN 0 7313 3325 X (set) ISBN 0 7313 3272 5 1. 2. 3. I. Asset management – New South Wales. Capital Investment. Public administration – New South Wales Title. (Series : TAM 2004)  This work is copyright. Apart from any use as permitted under the Copyright Act 1968‚ no part may be reproduced by any process without written permission from

    Premium Costs Cost Cost accounting

    • 4343 Words
    • 18 Pages
    Powerful Essays
Page 1 2 3 4 5 6 7 8 9 50