- Overview and Terminology of Job Order Costing
- Nascar Racing Car Bodies Introduction and Classification Drill
- Review: Accounting for Inventory Flows: Base Method
- Service Job Cost and Margin Record: Trusty and Accurate CPA’s
- Before, During, After & Fixit Method: Manufacturing Overhead (MOH) Allocation
What you'll learn
- Overview and Terminology of Job Order Costing
- Nascar Racing Car Bodies Introduction and Classification Drill
- Review: Accounting for Inventory Flows: Base Method
- Service Job Cost and Margin Record: Trusty and Accurate CPA's
- Before, During, After & Fixit Method: Manufacturing Overhead (MOH) Over Under Allocated
Description
Learn and practice the straightforward Bridge computation of Job Order Costing in Excel and Over and Under Applied Manufacturing Overhead. Like all Practical Accounting modules, a beginner friendly workbook is included, along with a walk through of how to use Excel to stay organized and speed up your calculations.
Lesson 1: Overview and Terminology of Job Order Costing
Explaining Key Terms and the Big Picture of When Job Order Costing is Used.
Lesson 2: Nascar Racing Car Bodies Introduction and Classification Drill
Watch a five minute “How It’s Made” factory tour then complete a graded classification practice using the workbook attached in Lesson 1.
Lesson 3: Review: Accounting for Inventory Flows: Base Method
Review the Transactions, BASE Method Flow of Costs and Job Cost and Margin Report then Practice them on Bridge Templates in the attached workbook.
Lesson 4: Service Job Cost and Margin Record: Trusty and Accurate CPA’s
Review the many similarities and few differences when using Job Order Costing for a Service Business.
Lesson 5: Before, During, After & Fixit Method: Manufacturing Overhead (MOH) Allocation
Under & Overallocation of Manufacturing Overhead. Learn the Why and How of this challenging topic with our unique four step process on one Excel Sheet.
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About the instructors
- 4.41 Calificación
- 2936 Estudiantes
- 13 Cursos
Dr. Jeff Hillard, CMA, CPA and John Wiley, M.Ed.
Professor of Accounting and Manager Business Tutorial Lab
Dr. Jeff Hillard, CMA, CPA is a Professor of Accounting at Montgomery College in Rockville, Md. His academic career spans 18 years dedicated to innovative approaches in the classroom. He holds a Doctor of Management from UMGC. John Wiley, M. Ed is the Manager of the Business, Accounting and Technology Lab at Baltimore City Community College, where the collaboration on Practical Accounting began.
Student feedback
Course Rating
Reviews
Brilliant teacher
It gives more insight on costing, I love it.