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Sample Session Guide COSMAN1

The session guide for COSMAN1: Cost Accounting and Control focuses on Job Order Costing, aiming to explore overhead application methods and journalize related transactions. It includes a structured session flow with activities for reviewing concepts, group problem-solving, and discussions on overhead application methods. The session also emphasizes reflection on learning and the ability to explain concepts to others.

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0% found this document useful (0 votes)
6 views2 pages

Sample Session Guide COSMAN1

The session guide for COSMAN1: Cost Accounting and Control focuses on Job Order Costing, aiming to explore overhead application methods and journalize related transactions. It includes a structured session flow with activities for reviewing concepts, group problem-solving, and discussions on overhead application methods. The session also emphasizes reflection on learning and the ability to explain concepts to others.

Uploaded by

co240288
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Ateneo de Zamboanga University

School of Management and Accountancy


Fr. Eusebio Salvador, SJ Campus
La Purisima St., Zamboanga City

SESSION GUIDE

Subject: COSMAN1: Cost Accounting and Control


Content: Job Order Costing
Date: September 19, 2025
Learning Intent:
1. Explore different methods of applying overhead
2. Journalize transactions related to completion and sale of job order

Study session (pre-classroom activity)


1. Give module about Job Order Costing
Session flow (in-class)

I. Priming Activity (Context) – 10 minutes


1. Review the concepts about Job Order Costing
2. This is the sample problem to be given as an activity

Meow company uses a normal job-order costing system. It processes most jobs
through two departments. Selected budgeted and actual data for the past year
follow. Data for one of several jobs completed during the year also follow.

Department A Department B

Budgeted overhead P100,000 P500,000

Actual overhead P110,000 P520,000

Expected activity (direct labor hours) 50,000 10,000

Expected machine hours 25,000 50,000

The following data was given for Job 10


Direct materials P60,000
Direct labor cost
Department A (5,000 hours @ P6 per hour) 30,000
Department B (1,000 hours @ P6 per hour) 6,000
Machine hours used
Department A 100
Department B 1,200
Units produced 10,000

1. Compute for the total cost and per unit cost of Job Order 10 using the following
independent assumptions
A. Overhead is applied at 60% of the actual direct material cost
B. Overhead is applied at 70% of actual direct labor cost
C. Overhead is applied based on direct labor hours
D. Overhead is applied based on machine hours
E. Overhead is applied based on departmental overhead rates Use direct labor
hours for department A and machine hours for department B
2. Assuming Job Order 10 was finished and sold in June and Meow company
charges 40% markup to the customer, record the journal entries related to
completion and sale of Job Order number 10.

II. Activity (Experience) – 15 minutes


1. Group the class into 5 groups
2. Give the sample problem about Job order costing. Each group will answer the problem
assigned to them

Group 1: Letter A
Group 2: Letter B
Group 3: Letter C
Group 4: Letter D
Group 5: Letter E

Each group shall present their answers.

III. Analysis – 10 minutes

1. What is the context of each question?

IV. Abstraction – 20 minutes


Discussion points:
1. There are different methods of applying overhead to the job order
2. Overhead is applied to the job orders to serve as a basis of computing for the
product cost and to determine the acceptable price (given the company will record a
markup)

V. Application – 25 minutes

1. The second part of the case will be computed by the respective groups

Group 1: Letter C
Group 2: Letter E
Group 3: Letter D
Group 4: Letter B
Group 5: Letter A
Each group shall present their answers.

VI. Reflection/Action (can happen anytime during the experience and application)

1. What are the clarifications I learned during the class?


2. What can I do to reinforce the concepts I learned during this class?
3. Can I explain this concept to someone who needs help in accounting and/or finance?

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