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Team C

Brian Dent, Rashida Johnson, Marvin Jenkins,

Zachery Wheaton

Acc/400

12/11/16

Job Costing

Instructor Portugal

Job Order Costing

INTRODUCTION

The process of Job order costing is usually always discussed in cost accounting and managerial accounting roles and jobs. People and employees sometimes have a hard time understanding

job order costing that is only because most people do not have the perception ofmanufacturing processes. When it comes to this process the best way to understand is to actually be involved this lack of understanding, it would help for students to be open and more knowledgeable to

to an real hands on manufacturing operation.

DISCUSSION

The exercise described in this paper allows thestudent to experience a manufacturing operation in the classroom. The exercise involves themanufacture of a custom-made table out of balsa wood and other materials. The whole process started withthe buying of raw materials and ended off with the sale of the finished product. The whole simulation we viewed is different in their own separate ways. The focus was solely and comprehensively on job ordercosting whereas in the previous articles have only covered job order costing. Another focus was) by usingthe variety of materials called for in this simulation, the product and manufacturing process is more real, this gives the students or employees the ability to clearly see the differences between materials direct and indirect. This includes Direct labor and indirect labor, and other items that constitute manufacturing overhead. Our team feels that this is an extremely important differentiation not only in the process of understanding cost accounting, but in understanding activity-based costing, since the difference between the two theories lies with overhead.

CONCLUSION

The whole allocating process is one that many companies use and will continue to use. Making the use for custom and special products will always be in demand. When a company specializes in a specific type product or item job costing is a direct result of that. All of the jobs require different amounts of material, labor, and overhead. This is why each job has a unique total in its own sense. Knowing the difference between when it comes to job cost and overhead allocating is important and is something we all agreed that should be learned.