contrast between process cosTng and job order cosTng
Links are the questions...but need to change the numbers
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Part 1: Personally I do not see any contrast between process cosTng and job order cosTng. In fact the following example fro manufacturing will show that the two can complement each other in one statement. Suppose you have two jobs (products) Product A Product B Unit price $500 $800 Unit direct materials $100 $150 Unit direct labor $80 $90 Unit indirect materials $50 $60 Unit indirect labor $30 $35 Unit variable selling & admin. $10 $12 Fixed overhead $40,000 $42,000 Fixed selling & administraTve $8,000 $9,500 Common ±xed costs $120,00 0 Volume 1,000 700 Product A Product B ²otal Sales $500,00 0 $560,00 0 $1,060,00 0 Variable costs Direct materials $100,00 0 $105,00 0 $205,000 Direct labor $80,000 $63,000 $143,000 Indirect materials $50,000 $42,000 $92,000 Indirect labor $30,000 $24,500 $54,500 Variable selling & admin. $10,000 $8,400 $18,400 Varaible costs $270,00 0 $242,90 0 $512,900 CM $230,00 0 $317,10 0 $547,100 Fixed costs Fixed overhead $40,000 $42,000 $82,000 Fixed selling & admin $8,000 $9,500 $17,500 subtotal $48,000 $51,500 $99,500 Income before common $182,00 0 $265,60 0 $447,600 Common ±xed costs $120,000 OperaTng income $327,600
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Posted 20 Dec 2017 04:12 PM
My Price 10.00
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