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Chapters 2 and 3 – Job Order Costing
Please read chapters two and three of the textbook and watch video below and write a three to four paragraphs summarizing the contents of chapter two and the video. Also, please reply to the posts of at least three other students. Your replies should be at least two paragraphs each. In your posts you might want to discuss production process and how we account and record Direct Labor, Direct Materials and Overhead in Raw Materials, Work In Process, and Overhead Costs, make sure to discuss Debits and Credits in detail. Also Discuss Predetermined Overhead Rate and how it is calculated and how is it applied.
Lecture 002 – Job Order Cost SystemLinks to an external site.