by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Special Order System – Productive Labor Method SPECIAL ORDER SYSTEM BASED ON THEPRODUCTIVE LABOR METHOD IntroductionIn Chapter XII methods were presented by which the manufacturers’ estimates of the various elements of costs were incorporated in the...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Special Order System – Process Method SPECIAL ORDER SYSTEM BASED ON THEPROCESS OR MACHINE METHOD The system outlined in this chapter provides for finding costs under the machine or process method, and differs from the system described in...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Employee Time Reports Employees’ Time Report (Form 30) The time reports should be summarized for entry on the pay-roll in the same manner as in the previous system. All the direct labor is also entered upon the process card record, classified...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Product System – Productive Labor Method PRODUCT SYSTEM BASED ON THEPRODUCTIVE LABOR METHOD In the two special order systems the costs are collected on the production order. In this system the costs are collected on the production...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Product System – Machine Method PRODUCT SYSTEM BASED ONTHE MACHINE OR PROCESS METHOD This system is similar in some respects to that described in Chapter XV, so far as it relates to the machine or process method, the principal difference...
