+
CHAPTER 18 “MANAGERIAL ACCOUNTING CONCEPTS/JOB COSTING...

CHAPTER 18 “MANAGERIAL ACCOUNTING CONCEPTS/JOB COSTING...

Rating:
Rating
(0)
Author: Carol 96
Description:

CHAPTER 18 “MANAGERIAL ACCOUNTING CONCEPTS/JOB COSTING” FROM ACCOUNTING PRINCIPLES:

Click link for more description

http://theperfecthomework.com/chapter-18-managerial-accounting-concepts-job-costing-from-accounting-principles/

Chapter 18 “Managerial Accounting Concepts/Job Costing” from Accounting Principles: A BusinessPerspective, Financial Accounting (Chapters 9-18) by Hermanson, Edwards, and Maher is availableunder Creative Commons license Attribution-Noncommercial-Share Alike 3.0. © Textbook Equity (2011)18 Managerial accounting concepts/job costing18.1 Learning objectivesAfter studying this chapter, you should be able to:•Compare and contrast managerial accounting and financial accounting.•Describe the basic components of a products cost.•Explain the difference between product costs and period costs.•Compare financial reporting by a merchandiser to that of a manufacturer andprepare a statement of cost of goods manufactured, an income statement, anda balance sheet for a manufacturer.•Explain the pattern of cost flows for a company.•Compare and contrast different production methods and accounting systems.•Describe job cost flows and determine the cost of jobs.•Explain how and why predetermined overhead rates are computed.•Describe the differences in net income under absorption costing and variablecosting (appendix).

(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial