Question

B. Operation Costing Operation costing combines characteristics of both job-order and process costing. It is used...

B. Operation Costing

Operation costing combines characteristics of both job-order and process costing. It is used in those situations where the products have some common characteristics and some individual characteristics. Example of industries where operation costing maybe appropriate include shoes, clothing, jewelry and semiconductors.

Required:

Select one of the above products and search how the product is made. Construct a flowchart of the production process. Indicate which steps in the production process would use job-order costing and which steps would use process costing.

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Homework Answers

Answer #1

Clothing..

flow chart is as follow

step1 DESIGN/SKETCH

2 BASIC BLOCK

3 WORKING PATTERN

4 SAMPLE GARMENTS

5 APPROVED SAMPLE

6 COSTING

7 PRODUCTION PATTERN

8 GRADING

9 MARKER MAKING

10 FABRIC SPREADING

11 CUTTING

12 SORTING &BUNDLING

13 sewing

14 IN LINE INSPECTION

15 IRONING & FINISHING

16 FINAL INSPECTION

17 PACKING

18 GARMENTS CARTOONING

19 DISPATCH SHIPMNT

process cost ==DESIGN/SKETCH,PRODUCTION PATTERN,FABRIC SPREADING,

CUTTING,

sewing, IRONING & FINISHING

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