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    Chapter 5 Job Order Costing

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    Michelle Agatha
    Job order costing involves accumulating the costs of production for each job onto a job order cost sheet. This sheet tracks materials purchased and used, labor costs incurred and distributed, and actual and applied fixed overhead costs. When a job is complete, the costs are transferred from work in progress to cost of goods sold for jobs shipped to customers, or to finished goods inventory for products stored and later sold.

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    Chapter 5 Job Order Costing

    Uploaded by

    Michelle Agatha
    8 views10 pages
    Job order costing involves accumulating the costs of production for each job onto a job order cost sheet. This sheet tracks materials purchased and used, labor costs incurred and distributed, and actual and applied fixed overhead costs. When a job is complete, the costs are transferred from work in progress to cost of goods sold for jobs shipped to customers, or to finished goods inventory for products stored and later sold.

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    Job order costing involves accumulating the costs of production for each job onto a job order cost sheet. This sheet tracks materials purchased and used, labor costs incurred and distributed, and actual and applied fixed overhead costs. When a job is complete, the costs are transferred from work in progress to cost of goods sold for jobs shipped to customers, or to finished goods inventory for products stored and later sold.

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    © All Rights Reserved
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    8 views10 pages

    Chapter 5 Job Order Costing

    Uploaded by

    Michelle Agatha
    Job order costing involves accumulating the costs of production for each job onto a job order cost sheet. This sheet tracks materials purchased and used, labor costs incurred and distributed, and actual and applied fixed overhead costs. When a job is complete, the costs are transferred from work in progress to cost of goods sold for jobs shipped to customers, or to finished goods inventory for products stored and later sold.

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    © All Rights Reserved
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    of 10

    Chapter 5:

    Job Order
    Costing
    Overview

    1 2
    Dalam job order costing: Rincian tentang suatu
    biaya produksi job dicatat dalam suatu
    diakumulasikan ke setiap JOB ORDER COST SHEET
    job. atau COST SHEET (Kartu
    Biaya).
    Contoh COST
    SHEET
    Material purchased:

    Materials $25.000

    Accounting for Account Payable/Cash $25.000

    Materials Material used:

    Direct material:

    WIP $31.000

    Material $31.000

    Indirect Material:

    FOH Control $6.000

    Materials $6.000
    Materials Purchased and Used
    Labor cost incurred:

    Accounting for Payroll $31.000

    Accrued payroll $31.000


    Labor Labor cost distributed:

    WIP $27.000

    Payroll $27.000

    FOH Control $4.000

    Payroll $4.000
    Labor Cost
    Accounting for FOH
    Actual FOH Incurred:

    FOH Control $4.929

    Accumulated Depreciation – Machinery $4.929

    FOH Control $516

    Prepaid insurance $516

    Estimated FOH Applied:

    Predetermined FOH Rate = 7.500 machine hours/$300.000 = $40/machine hours.

    For the period, a tota of 330 machine hours used  FOH Applied = 330 x $40 = $13.200.

    WIP $13.200

    FOH Applied $13.200

    Closing entry:

    FOH Applied $13.200

    FOH Control $13.200


    Accounting for Job Completed and Product
    Utk job yang selesai lalu dikirim langsung ke pelanggan:
    Account Receivable $7.860
    Sales $7.860
    COGS $5.254
    WIP $5.254
    Untuk job yang selesai lalu disimpan di gudang, kemudian terjual sebagian:
    Finished Goods $56.926
    WIP $56.926
    Accout Receivable $70.000
    Sales S70.000
    COGS $52.300
    Finished Goods $52.300

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