Chapter 4 — Job Order Costing
Chapter 4 Outline
4.0 Why It Matters
LO 4.1 Distinguish between Job Order Costing and Process Costing
LO 4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
LO 4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
LO 4.4 Compute a Predetermined Overhead Rate and Apply Overhead to Production
LO 4.5 Compute the Cost of a Job Using Job Order Costing
LO 4.6 Determine and Dispose of Underapplied or Overapplied Overhead
LO 4.7 Prepare Journal Entries for a Job Order Cost System
LO 4.8 Explain How a Job Order Cost System Applies to a Nonmanufacturing Environment
