Manufacturing overhead costs

Lecture Accounting for Business – A non-accountant’s guide (2/e) - Chapter 7: Costing concepts. After you have mastered the material in this chapter, you will be able to: Explain the importance of comparisons and trends in financial statement analysis; calculate the ratios related to the profitability and financial stability of a business, from a given set of financial statements;...

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Lecture Management accounting - Chapter 2: Job – order costing method. This lecture will cover the following: job order costing – an overview; job-order costing flow; materials requisition form; manufacturing overhead application; job cost sheet;... Please refer to content of this lecture!

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Chapter 26 - Performance evaluation through standard costs. After studying this chapter, you should be able to: Distinguish between a standard and a budget, identify the advantages of standard costs, describe how standards are set, state the formulas for determining direct materials and direct labor variances, state the formulas for determining manufacturing overhead variances, discuss the reporting of variances, enumerate the features of a standard cost accounting system.

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After studying this chapter, you should be able to: Distinguish between a standard and a budget, identify the advantages of standard costs, describe how standards are set, indicate the formulas for determining direct materials and direct labor variances, state the formulas for determining manufacturing overhead variances.

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Chapter 3A: Activity-based absorption costing. Activity-based absorption costing assigns all manufacturing overhead costs to products using activity cost pools instead of Plantwide or department cost pools. After studying this chapter, you should be able to use activity-based absorption costing to compute unit product costs.

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Chapter 10B - Journal entries to record variances. After studying this chapter, you should be able to: Prepare journal entries to record standardcosts and variances, compute the direct labor rate and efficiency variances and explain their significance, compute the variable manufacturing overhead rate and efficiency variances and explain their significance.

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Chapter 9 - Recording and evaluating conversion process activities. In this chapter, the learning objectives are: Explain the different types of manufacturing costs and how manufacturing costs are different than nonmanufacturing costs, describe manufacturing cost flows for direct materials and direct labor and record these activities, explain the process of applying manufacturing overhead and record these activities.

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Chapter 8 - Variable costing and the costs of quality and sustainability. After completing this chapter, you should be able to: Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing, prepare an income statement under absorption costing, prepare an income statement under variable costing,...

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After studying this chapter, you should be able to: Distinguish between a standard and a budget, identify the advantages of standard costs, describe how standards are set, state the formulas for determining direct materials and direct labor variances, state the formulas for determining manufacturing overhead variances, discuss the reporting of variances, enumerate the features of a standard cost accounting system.

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Chapter 5 - Job costing. In this chapter students will be able to: Explain product costs and cost flows through the manufacturing process, describe how costs are assigned to customized goods and services, allocate overhead costs to individual jobs,...

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Chapter 15 - Job order costing. In this chapter students will be able to: Describe cost systems and the flow of costs in a job order system, use a job cost sheet to assign costs to work in process, demonstrate how to determine and use the predetermined overhead rate, prepare entries for manufacturing and service jobs completed and sold.

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Chapter 23 - Standard costs and balanced scorecard. In this chapter students will be able to: Describe standard costs, determine direct materials variances, determine direct labor and total manufacturing overhead variances, prepare variance reports and balanced scorecards.

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Chapter 23 - Budgetary planning. The objectives of this chapter are: State the essentials of effective budgeting and the components of the master budget; prepare budgets for sales, production, and direct materials; prepare budgets for direct labor ,manufacturing overhead, and selling and administrative expenses, and a budgeted income statement; prepare a cash budget and a 4 budgeted balance sheet; determine a transfer price using the negotiated, cost-based, and market-based approaches.

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Chapter 15 - Standard costs and balanced scorecard. In this chapter students will be able to: Describe standard costs, determine direct materials variances, determine direct labor and total manufacturing overhead variances, prepare variance reports and balanced scorecards.

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Chapter 8 - Absorption and variable costing. After completing this chapter, you should be able to: Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing, prepare an income statement under absorption costing, prepare an income statement under variable costing.

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Chapter 4 - Product costing systems. The main contents of this chapter include all of the following: Product costing, different costs for different purposes, designing product costing systems, flow of costs in manufacturing businesses, allocating overhead costs to products, accounting for manufacturing overheads, types of product costing systems, job costing, process costing.

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Chapter 11 - Standard costs for control: flexible budgets and manufacturing overhead. In this chapter, you will learn: Flexible budgets, input measures and output measures, overhead application in a standard costing system, calculating and interpreting overhead cost variances, standard costs for product costing, an appraisal of standard costing systems, activity-based budgeting.

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Chapter 2 - Job-order costing for manufacturing & service companies. This chapter presents the following content: Manufacturing costs, merchandising and manufacturing firms, common manufacturing overhead costs, nonmanufacturing costs,...

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Chapter 8 - Absorption and variable costing. After completing this chapter, you should be able to: Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing, prepare an income statement under absorption costing, prepare an income statement under variable costing.

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(bq) part 1 book "managerial accounting for dummies" has contents: the role of managerial accounting, using managerial accounting in your business, classifying costs, figuring cost of goods manufactured and sold, allocating overhead,...and other contents.

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