LO 1 | Explain the cost accounting system. |
LO 2 | Describe important features of job order production. |
LO 3 | Explain job cost sheets and how they are used in job order cost accounting. |
LO 4 | Describe and record the flow of materials costs in job order cost accounting. |
LO 5 | Describe and record the flow of labor costs in job order cost accounting. |
LO 6 | Describe and record the flow of overhead costs in job order cost accounting. |
LO 7 | Compute predetermined overhead rates and apply overhead costs to jobs. |
LO 8 | Determine adjustments for overapplied and underapplied factory overhead. |