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.


NOTE: A downloadable file ‘Chapter 2.epub’ is available for this course. To access that file, please click here to download the file and use the appropriate player like (apple books or adobe digital editions) to run the file correctly.

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: August 25, 2023
9 Reviews (41 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
Great basic course on assigning costs and recording the accounting entries. I liked how the instructor "showed his work" for each step of the problem (writing out the equation, etc.).

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
Anonymous Author
Super clear instructions with excellent examples provided to work through.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Job Costing7:21
  Allocation of Overhead, Process and Decision Making19:47
  Job Costing - Example 116:57
  Job Costing - Example 29:32
  Job Costing - Example 313:13
CONTINUOUS PLAY
  Introductory Managerial Accounting – Job Costing1:06:51
SUPPORTING MATERIAL
  Handouts: Introductory Managerial Accounting - Job CostingPDF
  Practice: Introductory Managerial Accounting – Job CostingPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam