Accounting › Section R · Job order and process costing › Topic R.5
Job order journal entries and service settings
Job cost sheets hold the detail, but the general ledger must move the same costs from account to account. This topic records a month of job order costing in journal entries, then shows the same method at work in a firm that sells services.
In this topic
- Entries mirror the cost flow
- Worked example: buying and issuing materials
- Recording factory labour
- Actual and applied overhead
- Worked example: completing and selling jobs
- Checking the ledger against the jobs
- Job costing in service firms
- Worked example: an architecture practice
- Common mistakes to avoid
- Key takeaways
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