Describe the three Manufacturing costs Materials, – inventories of a labor & overhead manufacturing business Inventories Financial statement effects Describe & illustrate how Job order cost accounting manufacturing costs & Under applied & overapplied factory inventories affect financial overhead statements Process cost accounting Define & describe how to Class Review Problems: operate a job order cost system Chapter 25 Demonstration Problem – Chapter 26 Demonstration Problem – Describe a process cost system Textbook: Read Chapters 25 & 26 Week Ten Course Instructional Learning Graded Activities Outcome Objectives Activities To understand the To prepare a 10-column Before you begin this Graded week’s Attendance/ work sheet for a basics of accounting for Activities, complete the following: Participation 3 Pts. – manufacturing company a manufacturing Lecture: company Homework: To understand the Chapter 27 preparation of financial Chapter 27 statements for a The worksheet for a manufacturing Problem manufacturing company company Pages 1102 – – Pts. TBD The adjusting entries for a To prepare the closing manufacturing company entries for a manufacturing Recording Under applied or Over company applied overhead Financial statement preparation Closing journal entries
Describe the three inventories of a manufacturing business Describe & illustrate how manufacturing costs & inventories affect financial statements Define & describe how to operate a job order cost system Describe a process cost system Manufacturing costs – Materials, labor & overhead Inventories Financial statement effects Job order cost accounting Under applied & overapplied factory overhead Process cost accounting Class Review Problems: Chapter 25 – Demonstration Problem Chapter 26 – Demonstration Problem Textbook: Read Chapters 25 & 26 Week Ten Course Outcome Instructional Objectives Learning Activities Graded Activities To understand the basics of accounting for a manufacturing company To prepare a 10-column work sheet for a manufacturing company To understand the preparation of financial statements for a manufacturing company To prepare the closing entries for a manufacturing company Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 27 The worksheet for a manufacturing company The adjusting entries for a manufacturing company Recording Under applied or Over applied overhead Financial statement preparation Closing journal entries Attendance/ Participation – 3 Pts. Homework: Chapter 27 Problem – Pages 1102 – Pts. TBD
Final-Draft-Essentials-II-MGMT.-X-423.431-361861-Summer-18-Jacobson.docx