MGAB03H3 Lecture 5: chap5
Document Summary
Custom products and services, which are produced singly or in small batches, need to be valued for financial statements, tax reporting, and management monitoring. Job costing is an accounting method used to assign product costs to custom products or services. In job costing, direct costs are traced and overhead costs are allocated to individual jobs. The costs for both spoilage and rework need to be accounted for, as does the cost of scrap that arises from production. Q6 what are the quality and behavioral implications of spoilage? ch05. qxd 9/27/04 4:19 pm page 175. Limit e began manufac- turing tracked vehicles for snow-covered terrain. These vehicles were early models of what later be- came snowmobiles. Over time, the company devel- oped expertise in building engines and expanded into other markets such as personal watercraft, air- craft, subway cars, buses, and jet boats. built at bombardier"s plant in wichita, kansas. Models include the lear- jet 31a (light jet), learjet.
