01 Jan Explain process operations
Answer any three of the following items.
Chapter 19– Job Order Costing
Describe important features of job order production
How is the accounting system tailored to capture the expenditures?
Explain job cost sheets and how they are used in job order cost accounting
Apply job order costing in pricing services
.
Chapter 20–. Process Cost Systems
Explain process operations and the way they differ from job order operations
Define and discuss how to compute equivalent units and explain their use in process cost accounting
Describe and discuss accounting for production activity and preparation of a process cost summary using weighted average
Appendix 20A—Describe and discuss accounting for production activity and preparation of a process cost summary using FIFO
Compare process cost accounting and job order cost accounting
Explain and illustrate a hybrid costing system
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