Job order costing is a method of accumulating and assigning costs. This course deepens the learner’s understanding of how to account for direct and indirect costs in a job (versus process) environment, assign the cumulative costs to jobs and the risks & controls related to job order costing.
Program Registration:
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Learning Objectives:
Upon completion of this course, the learner will be able to:
- Define job order costing
- Identify the basic documents used in a job order costing system
- Identify the accounts used to capture costs in a job order costing system
- Identify journal entries used to record costs
- Identify how overhead is calculated and applied in a job order costing system
Estimated Course Duration: 1 hour (1 CPE)
Delivery Method: Online Self-Study
Field of Study: Accounting
Program Level: Overview
Advance Preparation/Prerequisites: None
Program Content:
What is Job Order Costing?
Common Documents Used
- Job Costing Sheet
- Materials Requisition Form
- Employee Time Ticket
Charging Costs
- Direct Costs
- Indirect Costs
- Overhead Costs
Inventory Classifications & Accounting
Materials Requisition Process
Materials Issuance Risks & Controls
Labor Risks & Controls
Calculating Manufacturing Overhead Costs
Applying Manufacturing Overhead
- Handling Variance
- Variance & GAAP
- Variance & T Accounts
Download PDF Course Description:
(1 page, 42 KB)
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3. The link takes you to the KL
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4. Enter your email address and password and then click the
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5. The training module will launch automatically. NOTE: Most training modules are narrated. To view speaker notes during the presentation, click the Notes tab.
In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
Complaint Resolution Policy/Refund Policy:
For more information regarding refund, complaint and program cancellation policies, please contact our offices at (866) 923-8513 or if outside the U.S., please call +1 (925) 598-7771. You may also email us at knowledgeleader@protiviti.com.
Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.