3. Tarif BOP setiap unit produksi dan tarif BOP setiap jam mesin. Soal 2 (Dikutip dari Vanderbeck, 2010 untuk pengayaan mahasiswa) Water Wonders, Inc., makers of custom-made Jet Skis, completed Job 500 on March 31, and there were no jobs in process in the plant. Prior to April 1, the predetermined overhead application rate for April was computed from the following data, based on an estimate of 40,000 direct labor hours: Estimated variable factory overhead $100,000 Estimated fixed factory overhead .200,000 Total estimated factory overhead $300,000 Estimated variable factory overhead per hour. $ 2.50 Estimated fixed factory overhead per hour. 5.00 Predetermined overhead rate per direct labor hour . $7.50 The factory has one production department, and the direct labor hour method is used to apply factory overhead.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
Step by step
Solved in 2 steps