[Free] Free Practical Job Order Costing
Learn and practice the Bridge computation of Job Order Costing in Excel and Over and Under Applied Overhead. – Free Course
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
Requirements
- No prior accounting experience required.
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 Its 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 CPAs
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.
Author(s): Dr. Jeff Hillard
