Free Practical Job Order Costing

Learn and practice the straightforward Bridge computation of Job Order Costing in Excel and Over and Under Applied Manufacturing Overhead. Like all Practical Accounting modules, a beginner friendly workbook is included, along with a walk through of how to use Excel to stay organized and speed up your calculations.

Lesson 1: Overview and Terminology of Job Order Costing

Explaining Key Terms and the Big Picture of When Job Order Costing is Used.

Lesson 2: Nascar Racing Car Bodies Introduction and Classification Drill

Watch a five minute “How It’s Made” factory tour then complete a graded classification practice using the workbook attached in Lesson 1.

Lesson 3: Review: Accounting for Inventory Flows: Base Method

Review the Transactions, BASE Method Flow of Costs and Job Cost and Margin Report then Practice them on Bridge Templates in the attached workbook.

Lesson 4: Service Job Cost and Margin Record: Trusty and Accurate CPA’s

Review the many similarities and few differences when using Job Order Costing for a Service Business.

Lesson 5: Before, During, After & Fixit Method: Manufacturing Overhead (MOH) Allocation

Under & Overallocation of Manufacturing Overhead. Learn the Why and How of this challenging topic with our unique four step process on one Excel Sheet.