Chapter 16

Cost Accounting System / Job Order Costing Warren / Reeve / Duchac Exercise 16-1 Exercise 16-2 Exercise 16-4 Exercise 16-5 Problem 16-1A Problem 16-1B

Cost accounting information is designed for managers. The cost accounting systems and reports are not subject to rules and standards like the Generally Accepted Accounting Principles. As a result, there is a wide variety in the cost accounting systems of the different companies and sometimes even in different parts of the same company or organization.

Costs:
Materials 
Direct materials
Labor
Direct labor
Overhead (Variable/Fixed)
Indirect material
Indirect labor
Maintenance & Repair
Supplies
Utilities
Other Variable Expenses
Salaries
Occupancy
Rent
Depreciation
Other Fixed Expenses