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

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: Aug 30, 2020

2 Reviews (7 ratings)Reviews

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
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM