Tiêu đề chap 4.docx ✅

Miniclass MA Nguyễn Nho Châu Uyên Miniclass MA MANAGERIAL ACCOUNTING Chapter 4: Process costing Nguyễn Nho Châu Uyên


Miniclass MA Nguyễn Nho Châu Uyên a. DR WIP Dept. B b. CR WIP Dept. A 5. Stage 5: record completion of goods, Dept. B to finished goods a. DR Finished goods b. CR WIP Dept. B 6. Stage 6: record cost of product sold, finished goods to COGS a. DR COGD b. CR Finished goods Example: in the case that all products start in production are all complete and sold out given the following information prepare the cost flow of process costing (use T account). Know that production flow is from department A to Department B to make finished products; all raw materials are DM and all wages payable are DL; allocation of DM, DL, MOH to Dept. A and Dept. B is always 60 - 40 Ans: However above is an ideal case, other cases that may happen ● Not all Material are DM, can be divided into DM and Indirect material ⇒ material divided into portion of DM (to Dept.A & B) and indirect material (to MOH) theo đề cho ● Not all Labour cost are DL, can be divided into DL and Indirect labour ⇒ labour cost divided into portion of DL (to Dept.A & B) and indirect labour (to MOH) theo đề cho ● Actual MOH not same with applied MOH