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Job Order Cost Accounting


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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.










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