1who uses job order costing
unique products
3what is included in moh
idm idl other product cost
4managers must do what bc SOX
sign financial statements
5spent more on moh than expected
underallocated
6spent less on moh than expected
overallocated
7type of cost behavior that remains the same regaurdless of volume
fixed
8type of cost behavior that changes depending on volume
variable
9BIPGAEI
begin inv + purch = goods avail - end inv = cogs
10IMA ethical practice must be
compentent, integrity, confidential, credible
11closing allocated moh
direct write off or procration
12direct write off for allocated moh: over allocated
MOH dr cogs cr
13direct write off for allocated moh: under allocated
cogs dr moh cr
16inventorial product cost include
dm dl amoh
17indirect moh include
salary of manager, plant ins, plant dep
18list of raw materials needed to produce a product
bill of material
19doc requesting materials from raw material inv to production floor
material requisition
20what is the purpous of the bill of material and material requisiton
to trace material cost
21in job order costing what docs support WIP balance
job cost record
22what inv do service companies have
none
23what inv do merchandising companies have
merchandise
24what inv do manufacturing companies have
raw, wip, fgi
25sale of good entry
acc rec dr
sales cr
cogs dr
fgi cr
26sustainability in accouting
people, planet, profit
27what are period cost
cost occur outside production
28costing systems
job order and process
29predetermined overhead rate=
est tot amoh/ est tot cost driver
30allocated moh=
pohr x actual cost driver