⏱️TIMESTAMPS 0:00 Intro and Story 0:45 Types of Costs in Job Order Costing 0:51 What are Direct Materials? 1:14 Direct Materials Journal Entry 1:50 What is Direct Labor? 2:02 Direct Labor Journal Entry 2:20 What is Overhead? 2:41 How to Calculate Applied Overhead? 3:26 Applied Overhead Journal Entry 3:51 Summary of Costs 4:01 Total Amount of Costs 4:17 Finished Goods Journal Entry 4:28 Cost of Goods Sold Journal Entry 4:41 Actual Overhead vs. Applied Overhead 5:01 Journal Entry for Under or Over Applied Overhead 5:14 How to Set the Price for the Job 5:28 Journal Entry for Sale of Home 5:46 Conclusion
⏱️TIMESTAMPS
0:00 Intro and Story
0:45 Types of Costs in Job Order Costing
0:51 What are Direct Materials?
1:14 Direct Materials Journal Entry
1:50 What is Direct Labor?
2:02 Direct Labor Journal Entry
2:20 What is Overhead?
2:41 How to Calculate Applied Overhead?
3:26 Applied Overhead Journal Entry
3:51 Summary of Costs
4:01 Total Amount of Costs
4:17 Finished Goods Journal Entry
4:28 Cost of Goods Sold Journal Entry
4:41 Actual Overhead vs. Applied Overhead
5:01 Journal Entry for Under or Over Applied Overhead
5:14 How to Set the Price for the Job
5:28 Journal Entry for Sale of Home
5:46 Conclusion