Chapter 19

Cost Accounting for a Manufacturing Business

ESSENTIAL QUESTIONS

What are the elements of manufacturing costs associated with direct materials? What are the elements of manufacturing costs associated with direct lator? What are the elements of manufacturing costs associated with factory overhead? What are the flow of costs associated with the manufacturing process? How are selected ledgers and cost sheets for a manufacturing business prepared?

TERMS FOR CHAPTER 19

-direct materials -direct labor -factory overhead -indirect materials -indirect labor -work in process

-finished goods -materials ledger -cost ledger -finished goods ledger -applied overhead

ASSIGNMENTS

Define Terms for the Chapter Elements of Manufacturing Cost Read pp. 526-530 1) View PowerPoint presentation intro and 19-1 2) Complete Application Problem 19-1 p. 540 3) Work on Study Guide 19 Time 1 day Maintaining Manufacturing Records Read pp. 531-539 1) View PowerPoint presentation 19-2 2) Complete Application Problem 19-2, 19-3, 19-4 & 19-5 pp. 540-542 3) Complete Study Guide 19 Time 3 days

Complete Mastery Problem 19-6 pp. 542-543 Time 2 days Additional Chapter exercises Re-read Accounting at Work p. 529 then complete Chapter Ninteen Internet Activity Accounting in Your Career p. 525 Cases for Critical Thinking, Case One p. 544 Time 3 days All Chapter 19 assignments must be handed in by May 27th. No Exceptions. Challenge Problem 13-6 pp. 374-375 may be completed for extra credit