ACCTG 102 Lecture Notes - Lecture 5: Subledger, Deutsche Luft Hansa
Document Summary
Predetermined rates are used because oh is not incurred uniformly and bill for actual oh not received by months end. It used to be that moh was closely related to use of dl so used activity base of dlc or dlh now due to automation often use machine hours or some other measure. Job cost sheets show moh assigned to each job and g/l shows total assigned to all jobs. If you add up the moh column of all the job cost sheets it will equal debit to wip for moh. Assigning costs to fg- when job completed finish lower part of job cost sheet. Which calculates total cost of a job plus the unit cost for the job. Fg inventory is a control account supported by fg subledger which consists of finished goods records for each item in inventory.
