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The Proportion that the Work Done Bears to the Work to Be Done, Using the Contract Price Or, If There Form

The Proportion that the Work Done Bears to the Work to Be Done, Using the Contract Price Or, If There Form

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hello everyone in this video we're again continuing on with job costing our topic of job costing we're going to be specifically looking at examples here we're gonna look at a manufacturing company and follow from calculating a rate to calculate overhead all the way through applying that overhead into production for a manufacturing company and we're also gonna do it for a service company so it looks a little bit different so let's go ahead an get started so our first example is specifically speaking to a manufacturing company we'll see that in the wording of the of the story to Jerry James uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on machine hours required okay so let's just go ahead and start out knowing we're gonna have to pick out these keywords so it says here in this first sentence that our overhead is allocated based on machine hours ok so you already know our alloc

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