## Fundamentals of cost accounting powerpoint

ON THE basis OF function : ON THE basis OF function manufacturing costs commercial costs ADM AND S D costs.
36 End of Chapter 6 End of Chapter.
How do we account for Baxters 20,000 gallons of paint that are only half finished?
Labour: The human effort required to convert the materials into finished product is called labour.
We know that costs that are common to two or more cost objects are likely to be allocated to those cost objects on a somewhat arbitrary basis.Therefore, we allocate 72,000 (2,000 x 36) to C-27s and 108,000 (3,000 x 36) to C-20s.Basic Cost Flow Diagram Direct materials labor Manufacturing overhead Alpha Beta Cost pools objects allocation rule Indirect (allocated by direct labor cost) Chapter 1 introduced cost allocation and product costing.3, learning Objectives LO 6-1 Explain the fundamental themes underlying the design of cost systems.14, costing with Ending Work-in-Process Inventories, lO 6-3 Costing with Ending Work-in-Process Inventories BB TI TO EB 110,000 gallons 90,000 20,000 gallons (50 complete) Finished goods Suppose during May Baxter Paint started real housewives of beverly hills season 3 episode 4 110,000 gallons of paint, completed and transferred out 90,000 gallons and had 20,000.Here it would be very difficult to trace costs to an individual box of corn flakes or box of facial tissues.Details and extensions to the basic models described here are presented in the following three chapters.

5, cost Management Systems.
At the beginning of April, Baxter Paint had no work-in-process inventory.
You can keep your great finds in clipboards organized around topics.
How much paint did Baxter Paint produce in May?But imagine a company making corn flakes or facial tissues.Of the 76,000 of direct materials, 40,000 is directly traceable to C-27s and 36,000 to C-20s.ul li Process Costing Applies to a context where there is a continuous process.29 Multiple Allocation Bases and Two-Stage Systems Cost pool Manufacturing overhead First stage Machine-related costs Direct labor-related costs Cost allocation rules Second stage Indirect costs Indirect costs Lets look a little closer at the overhead costs for Grange.Elements of costs Expenses ul li Expenses: lost girl season 1 episode 8 The cost of services provided to an undertaking Expenses: those expenses which drama sebenarnya saya isteri dia episode 8 can be identified with and allocated to cost centers or units.

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