Cost Accounting: Module 2 – Job Order Costing
Description: Job order costing is a method of accumulating and assigning costs. This course deepens the learner’s understanding of how to account for direct and indirect costs in a job (versus process) environment, assign the cumulative costs to jobs and the risks & controls related to job order costing. Learning Objectives: Upon completion of this course, the learner will be able to: • • • • • Define job order costing Identify the basic documents used in a job order costing system Identify the accounts used to capture costs in a job order costing system Identify journal entries used to record costs Identify how overhead is calculated and applied in a job order costing system
Estimated Course Duration: 1 hour (1 CPE) Delivery Method: Online Self-Study Field of Study: Accounting Program Level: Overview Advance Preparation/Prerequisites: None NASBA Publication/Revision Date: 6/21/07 Course Outline: What is Job Order Costing? Common Documents Used Job Costing Sheet Materials Requisition Form Employee Time Ticket Charging Costs Direct Costs Indirect Costs Overhead Costs Inventory Classifications & Accounting Materials Requisition Process Materials Issuance Risks & Controls Labor Risks & Controls Calculating Manufacturing Overhead Costs How to Calculate POHR Applying Manufacturing Overhead Handling Variance Variance & GAAP Variance & T Accounts Protiviti is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org.