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Prepared by Diane Tanner University of North Florida Chapter 17 1 Hybrid Costing.

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Presentation on theme: "Prepared by Diane Tanner University of North Florida Chapter 17 1 Hybrid Costing."— Presentation transcript:

1 Prepared by Diane Tanner University of North Florida Chapter 17 1 Hybrid Costing

2 Assigning Costs to Cost Objects  Direct materials –Traced  Direct labor – Traced  Manufacturing overhead - Allocated  Direct materials –Traced  Direct labor – Traced  Manufacturing overhead - Allocated 2  Direct materials – Allocated  Direct labor – Allocated  Manufacturing overhead - Allocated  Direct materials – Allocated  Direct labor – Allocated  Manufacturing overhead - Allocated Unique Homogeneous  Direct materials –Traced  Direct labor – Allocated  Manufacturing overhead - Allocated  Direct materials –Traced  Direct labor – Allocated  Manufacturing overhead - Allocated

3 Operation Costing Method  A common type of hybrid-costing system  The same conversion of costs (labor and overhead costs) with materials that differ between products  Examples  http://www.hunts.com/products/tomatoes/tomato -sauce http://www.hunts.com/products/tomatoes/tomato -sauce  Only the materials (ingredients) differ 3

4 4 The End

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