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In this introductory course we explore job costing and how this impacts the accounting in a manufacturing environment. The focus on this course is on the inventory accounts used by a manufacturing company and how costs are tracked through the production process.

Course Key Concepts: Introductory managerial accounting, Job costing, Production accounting, Raw materials, Direct materials, Direct labor, Overhead allocation, Predetermined overhead rate, Inventory.


Other Modules of Introductory Managerial Accounting by Erik Slayter.
1. Introductory Managerial Accounting - Classifying Costs
2. Introductory Managerial Accounting - Job Costing
3. Introductory Managerial Accounting - Cost, Volume-Profit Analysis
4. Introductory Managerial Accounting - Budgeting
5. Introductory Managerial Accounting - Variance Analysis
6. Introductory Managerial Accounting - Capital Budgeting

Learning Objectives

  • Recognize how to Interpret and classify inventory related economic events.
  • Identify how to calculate predetermined overhead rate.
  • Discover how to apply overhead to jobs.
Last updated/reviewed: May 10, 2022

7 Reviews (24 ratings)Reviews

5
Anonymous Author
I am a Controller for a food manufacturer and this is a review of what we go through on a monthly basis. Most of the transactions are automated, but reviewing the variances monthly is a large part of out workload.
5
Anonymous Author
I was a little concern with the white board approach, but in the end, I thought it was not as bad as I thought it would be. Erik does a great job going through the steps and was easy to follow.
5
Member's Profile
Good course on Managerial Accounting, the exam will challenge you on your understanding of how to apply overhead rates and the method to be used.
5
Member's Profile
Very well done explaining job costs. I have been in manufacturing for 30+ years and highly recommend this to anyone just entering this sector.
3
Anonymous Author
been a long time since having to deal with cost accounting topics. Great examples and simplification of basic concepts you need to know
5
Anonymous Author
This is a great course to get an introduction to job costing and managerial accounting.
5
Member's Profile
It was very easy to follow and could be picked up and paused easily.

Prerequisites

Course Complexity: Intermediate

Basic understanding of journal entries, t-accounts, the accounting equation (Introductory Financial Accounting) and the Introductory Managerial Accounting – Classifying Costs course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  7:21Introduction to Job Costing
  19:47Allocation of Overhead, Process and Decision Making
  16:57Job Costing - Example 1
  9:32Job Costing - Example 2
  13:13Job Costing - Example 3
CONTINUOUS PLAY
  1:06:51Introductory Managerial Accounting – Job Costing
SUPPORTING MATERIAL
  PDFHandouts: Introductory Managerial Accounting - Job Costing
  PDFPractice: Introductory Managerial Accounting – Job Costing
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM