Job Costing - Account for overhead using predetermined rates
5 important questions on Job Costing - Account for overhead using predetermined rates
Events that lead to manufacturing overhead being recorded:
- Preparing financial statement (which work-in-process-inventory needs to be assessed)
- Completing a job whose costs needs to be recorded
Job cost sheet bestaat uit de volgende onderdelen:
- Basic information about the job
- Costs recorded for the job
- Total costs for the job and extra notes
Two manufacturing overhead accounts:
- Manufacturing overhead control
- Applied manufacturing overhead
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Manufacturing overhead control
Standard costs method
Disadvantage: not sure
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