Job Order Cost Accounting Practice Case

Now students can perform the accounting cycle in a job-order cost setting with this unique practice case. Students thoroughly review double-entry accounting as well as other cost accounting topics integrated into a single, coherent whole. The case is designed for maximum instructor flexibility. Students can progress significantly in the case before reviewing more demanding topics in the classroom. For instance, instructors can have students begin by calculating predetermined overhead rates for the month, or can postpone this step until near the end of the case. For brevity, this case completes an accounting cycle after one month of operation, rather than the entire year. Transactions of the first four days have already been journalized to provide clear examples. Students practice the entire scope of cost accounting tasks, from making numerous adjusting entries at month-end to disposing of the under- or over-applied overhead amount and preparing pre-closing trial balances. The case is an ideal choice for use with minimal instructor supervision.