1. Job costing Chapter 4 ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se

2. Accounting exercise Note how the profit consists of revenues from sales, and the costs for the sold products All that is unsold is in other parts of the accounts −I−In the Stores ledger, −I−In Work in process, −I−In Finished goods, −I−In Wages control, −I−In Factory overhead, or −I−In Non-manufacturing overhead Example 4.2 starting on page 115

3. Closing remarks Backflush costing −F−For a JIT environment −I−Inventories defined at trigger points, the rest is costs Contract costing −A−A contract account for each contract −P−Progress payments considered

4. Next, we… discuss how a costing system can be designed for products that consume resources in the same manner. In this case, it is not useful to distinguish each product in the costing system Chapters 5 & 6