Udemy

Practical Job Order Costing

Name: Practical Job Order Costing
Availability: InStock
Rating: 4.6 (9 reviews)

4.6(9)689 studentsBEGINNER

Korshub's take

Job order costing, worked through in Excel

This course teaches job order costing using a "Bridge" computation method built entirely in Excel, including how to handle over- and under-applied manufacturing overhead. Every module comes with a beginner-friendly workbook and a walkthrough of how to use Excel to stay organized while calculating.

Lesson by lesson

Key terminology and when job order costing applies
A classification drill built around a real "How It's Made" factory tour
Reviewing inventory flow transactions with the BASE method
Job costing for service businesses, including CPA firms
Manufacturing overhead allocation using a four-step process

Who it's for

Accounting students or professionals who learn best by working through templates rather than reading theory, since every concept here is paired with a hands-on Excel exercise.

About this course

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.