4/1/2024 0 Comments Excel for accounting on macJob costs in Ivy’s system are tracked using four different general ledger numbers: G/L #3100 – Revenue G/L #4101 – Direct material G/L #4301 – Direct labor and G/L #4501 – Manufacturing overhead.įor this case, you will need to know how to calculate the cost of a job using job order costing ( link ) and how to calculate the gross profit on a job ( link ). ![]() ![]() The transactions file contains the following fields: In this transaction file, revenue amounts are shown as positive numbers while all costs shown as negative numbers. Ivy has five sales representatives who can sell products from any of its manufacturing facilities.Īll transactions in Ivy’s job cost system for the most recent month have been exported to an Excel file that can be downloaded at. The company uses just-in-time inventory management, so it has no significant inventory. Each manufacturing facility makes its own unique products. It has several manufacturing facilities located in six different states or provinces: Ontario and British Columbia in Canada, and Kansas, North Carolina, Ohio, and Texas in the United States. Ivy Corporation manufactures a variety of indoor and outdoor furniture.
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