Process and Activity-Based Costing
Process Costing and Activity-Based CostingProcess CostingProcess CostingComparing Job and Process CostingIntroduction to the Cost of Production ReportJob Costing FlowsProcess Costing FlowsJob Costing Flows on Job Cost SheetsProcess Costing Flows on Cost of Production ReportsEquivalent UnitsFactors of ProductionAn Illustration of Equivalent Units CalculationsCost per Equivalent UnitCost Allocation to Completed Units and Units in ProcessCost of Production ReportJournal EntriesSubsequent DepartmentsThe Big PictureFIFO Process CostingActivity-Based CostingPros of ABCCons of ABCThe Reality of ABCA Closer Look at ABC ConceptsThe Steps to Implement ABCA Simple AnalogyA Case Study in ABCStudy Process and CostsIdentify ActivitiesDetermine Traceable Costs and Allocation RatesAssign Costs to ActivitiesDetermine Per-Activity Allocation RatesApply Costs to Cost ObjectsWhat Just Happened?A Great Tool, But not a Panacea
