{"id":158,"date":"2021-01-26T22:16:53","date_gmt":"2021-01-26T22:16:53","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/?post_type=chapter&#038;p=158"},"modified":"2021-06-11T23:40:48","modified_gmt":"2021-06-11T23:40:48","slug":"subsidiary-ledgers-and-records","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-clinton-managerialaccounting\/chapter\/subsidiary-ledgers-and-records\/","title":{"raw":"Subsidiary Ledgers and Records","rendered":"Subsidiary Ledgers and Records"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Outcomes<\/h3>\r\n<ul>\r\n \t<li>Prepare a job cost record<\/li>\r\n<\/ul>\r\n<\/div>\r\nObviously, the complicated systems used to track job costs are now automated as part of the overall accounting or enterprise resource system. However, it is still useful to imagine the process in terms of a more manual workflow.\r\n\r\nFor instance, often the first step after receiving an order would be for the production manager to put the job into the queue and to start an official job card.\r\n\r\nSay for instance Jesus Sanchez orders a custom jazz guitar from a luthier company that uses job costing. The production manager would assign the job to a lead luthier and start the job card:\r\n<div align=\"left\">\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div style=\"text-transform: uppercase;\">Job Cost Sheet for Job No. 5054<\/div>\r\n<div><span style=\"float: left;\">Customer: Job<\/span><span style=\"float: right;\">Jesus Sanchez<\/span>\r\n<span style=\"float: left;\">Description:<\/span><span style=\"float: right;\">Cherry wood hollow-body f-hole jazz guitar<\/span>\r\n<span style=\"float: left;\">Date started:<\/span><span style=\"float: right;\">7\/15\/20XX<\/span>\r\n<span style=\"float: left;\">Date completed:<\/span><\/div>\r\n<\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"9\"><\/td>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Date<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Direct Materials Description<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Cost<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Direct Labor Hours<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Std. rate<\/th>\r\n<th class=\"c\" scope=\"col\">Total<\/th>\r\n<th class=\"c\" scope=\"col\">Overhead $30\/DLH<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\">0<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\">0<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-double\">0<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<table class=\"fin-table acctstatement fw\">\r\n<tbody>\r\n<tr>\r\n<td>Summary of costs<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Direct Materials<\/td>\r\n<td class=\" l\">0<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Direct Labor<\/td>\r\n<td class=\" l\">0<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Mfg. Overhead<\/td>\r\n<td class=\" l\">0<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 Total Cost<\/td>\r\n<td class=\"l line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>0 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n&nbsp;\r\n\r\nThe company will likely use many forms to accumulate costs, such as a materials requisition form that will allow the production crew to remove raw materials from the warehouse:\r\n<div align=\"left\">\r\n<div align=\"left\">\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div><span style=\"float: left;\">Date:\u00a0\u00a0\u00a0\u00a0\u00a0 July 17, 20XX<\/span><span style=\"float: right;\">Mat. Req. # 702<\/span>\r\n<span style=\"float: left;\">Job # \u00a0\u00a0\u00a0\u00a0\u00a0 5054 <\/span><\/div>\r\n<\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"9\"><\/td>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Quantity<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Item #<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Description<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Unit Desc.<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Unit Cost<\/th>\r\n<th class=\"c\" scope=\"col\">Total Cost<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"5\">Supervisor signature _____________________________________<\/td>\r\n<td class=\"l line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n&nbsp;\r\n\r\nIn addition, company timesheets will have fields for direct and indirect time:\r\n<div align=\"left\">\r\n<table class=\"fin-table gridded\">\r\n<thead>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Start Time<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">End Time<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Job #<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Hours<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Admin<\/th>\r\n<th class=\"c\" scope=\"col\">Hours<\/th>\r\n<th class=\"c\" scope=\"col\">Total hours<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r\">0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r\">0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r\">0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r\">0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r\">0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r\">0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n&nbsp;\r\n\r\nLuthier Chas Martin initiates a requisition for materials, gets it signed, takes it to the warehouse, and the warehouse manager issues 4 board feet of cherry and a maple neck, and the transaction is recorded in the company financial records as a transfer from raw materials to work in process:\r\n<div align=\"left\">\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div><span style=\"float: left;\">Date:\u00a0\u00a0\u00a0\u00a0\u00a0 July 17, 20XX<\/span><span style=\"float: right;\">Mat. Req. # 702<\/span>\r\n<span style=\"float: left;\">Job # \u00a0\u00a0\u00a0\u00a0\u00a0 5054 <\/span><\/div>\r\n<\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"9\"><\/td>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Quantity<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Item #<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Description<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Unit Desc.<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Unit Cost<\/th>\r\n<th class=\"c\" scope=\"col\">Total Cost<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td class=\"l\">4<\/td>\r\n<td class=\"l\">541115<\/td>\r\n<td class=\"l\">cherry wood<\/td>\r\n<td class=\"l\">bft<\/td>\r\n<td class=\"r\">$ 55.00<\/td>\r\n<td class=\"r\">$220.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"l\">1<\/td>\r\n<td class=\"l\">A85MPL<\/td>\r\n<td class=\"l\">maple neck<\/td>\r\n<td class=\"l\">each<\/td>\r\n<td class=\"r\">$ 97.00<\/td>\r\n<td class=\"r\">$ 97.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"5\">Supervisor signature _____________________________________<\/td>\r\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> $317.00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n&nbsp;\r\n\r\nChas works on that project and another during the day, and also attends two administrative meetings. He turns in his timesheet:\r\n<div align=\"left\">\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div style=\"text-transform: uppercase;\">Chas Martin - 7\/17<\/div>\r\n<\/caption>\r\n<thead>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Start Time<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">End Time<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Job #<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Hours<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Admin<\/th>\r\n<th class=\"c\" scope=\"col\">Hours<\/th>\r\n<th class=\"c\" scope=\"col\">Total hours<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>8:00<\/td>\r\n<td>10:30<\/td>\r\n<td>5054<\/td>\r\n<td>2:30<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>2:30<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>10:30<\/td>\r\n<td>12:00<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>1:30<\/td>\r\n<td>1:30<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>1:00<\/td>\r\n<td>2:30<\/td>\r\n<td>5054<\/td>\r\n<td>1:30<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>1:30<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>2:30<\/td>\r\n<td>5:00<\/td>\r\n<td>5055<\/td>\r\n<td>2:30<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>2:30<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>0:00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>0:00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\">15163 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-double\">6:30 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\">1:30 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"l line-double\">8:00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<table class=\"fin-table acctstatement fw\">\r\n<tbody>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Job:<\/td>\r\n<td>5054<\/td>\r\n<td>4:00<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td>5055<\/td>\r\n<td>2:30<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td>Admin<\/td>\r\n<td>1:30<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"l line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span> 8:00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n&nbsp;\r\n\r\nAt the end of the day, the job sheet would look like this:\r\n<div align=\"left\">\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\">\r\n<div style=\"text-transform: uppercase;\">Job Cost Sheet for Job No. 5054<\/div>\r\n<div><span style=\"float: left;\">Customer: Job<\/span><span style=\"float: right;\">Jesus Sanchez<\/span>\r\n<span style=\"float: left;\">Description:<\/span><span style=\"float: right;\">Cherry wood hollow-body f-hole jazz guitar<\/span>\r\n<span style=\"float: left;\">Date started:<\/span><span style=\"float: right;\">7\/15\/20XX<\/span>\r\n<span style=\"float: left;\">Date completed:<\/span><\/div>\r\n<\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"9\"><\/td>\r\n<\/tr>\r\n<tr style=\"text-transform: uppercase;\">\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Date<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Direct Materials Description<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Cost<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Direct Labor Hours<\/th>\r\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Std. rate<\/th>\r\n<th class=\"c\" scope=\"col\">Total<\/th>\r\n<th class=\"c\" scope=\"col\">Overhead $30\/DLH<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>17-Jul<\/td>\r\n<td>Cherry wood<\/td>\r\n<td>$317.00<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>$\u00a0 \u00a0 \u00a0 \u00a0 -<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>17-Jul<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>\u00a0 \u00a0 \u00a0 \u00a0 4.00<\/td>\r\n<td>$25.00<\/td>\r\n<td>$100.00<\/td>\r\n<td>$120.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>$\u00a0 \u00a0 \u00a0 \u00a0 -<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>$\u00a0 \u00a0 \u00a0 \u00a0 -<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>$\u00a0 \u00a0 \u00a0 \u00a0 -<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td>$\u00a0 \u00a0 \u00a0 \u00a0 -<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\">$317.00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td class=\"r line-double\">$100.00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-double\">$120.00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<table class=\"fin-table acctstatement fw\">\r\n<tbody>\r\n<tr>\r\n<td>Summary of costs<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Direct Materials<\/td>\r\n<td>$ 317.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Direct Labor<\/td>\r\n<td>$ 100.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Mfg. Overhead<\/td>\r\n<td>$ 120.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 Total Cost<\/td>\r\n<td class=\"l line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span> $537.00 <span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\nAs you have seen, the total of all the job cards constitutes a \u201csubsidiary ledger\u201d that will agree to the general ledger control account.\r\n\r\nA subsidiary ledger is a secondary ledger that provides the details of a control account.\r\n\r\nA control account is a summarized account balance to make viewing financial statements easier. The total of the items in the subsidiary ledger must match the balance reported in the control account.\r\n\r\nThis concept relates to job costing because we have 3 main inventory accounts control accounts: Raw Materials Inventory, Work in Process Inventory, and Finished Goods Inventory. Raw Materials inventory is used to store the costs of materials purchased but not yet used in production. The subsidiary ledger would contain details of the individual raw material components.\r\n\r\nWork-in-process Inventory is used when we have started but not completed a job and includes all job costs including any costs from the previous period and costs added this period include direct materials, direct labor, and applied overhead. The subsidiary ledger consists of the job cost sheet showing all the direct materials, direct labor, and overhead costs applied to a job. The total of all jobs still in process will equal the balance of the Work in Process Inventory.\r\n\r\nFinished Goods Inventory is used when we finish a job and before we sell it. We move the total job cost of the job from Work in Process Inventory to Finished Goods Inventory. The subsidiary ledger for each of the three accounts will be the job cards for the items in each of those categories.\r\n\r\n<img class=\"aligncenter wp-image-1390 size-large\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5469\/2021\/01\/06214753\/Screen-Shot-2021-05-06-at-2.46.59-PM-1024x474.png\" alt=\"Two horizontal flowcharts are shown. The first flow chart is labeled \u201cPhysical flow of inventory\u201d. It shows four boxes, from left to right, Materials storeroom, Production departments, Finished goods storeroom, and Delivered to customers. The second flowchart is labeled \u201cJob costing\u201d. It shows four boxes, from left to right, Raw Materials inventory, Work in Process inventory, Finished Goods inventory, and Cost of Goods Sold. Below Work in Process inventory, there are two additional boxes pointing to it, Direct labor and Manufacturing overhead. Two boxes are highlighted--Work in Process inventory and Finished Goods inventory\" width=\"1024\" height=\"474\" \/>\r\n\r\nIf the work in process subsidiary ledger looks like this:\r\n<div align=\"left\">\r\n<table class=\"fin-table acctstatement fw\"><caption>Work in Process\r\nAs of July 17, 20XX<\/caption>\r\n<thead>\r\n<tr class=\"u-sr-only\">\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Total<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>Job 5037<\/td>\r\n<td class=\"r\">$ \u00a0 \u00a0 1,059.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Job 5044<\/td>\r\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 677.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Job 5046<\/td>\r\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 842.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Job 5047<\/td>\r\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 120.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Job 5054<\/td>\r\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 537.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Job 5055<\/td>\r\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 62.50<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$ \u00a0 \u00a0 3,297.50<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n&nbsp;\r\n\r\nThen the control account in the general ledger will also show $3,297.50 in work in process, but the entries will be chronological and not sorted by job or project.\r\n\r\nHere is a brief tutorial on how to use Quickbooks(R) to track jobs:\r\n\r\n<iframe src=\"\/\/plugin.3playmedia.com\/show?mf=6352557&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=2P4gR0F2k88&amp;video_target=tpm-plugin-vwr9xm1n-2P4gR0F2k88\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe>\r\n\r\nYou can view the <a href=\"https:\/\/oerfiles.s3.us-west-2.amazonaws.com\/Managerial+Accounting\/Transcripts\/CreatingJobCostReportsInQuickbooks_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \"Creating Job Cost Reports in QuickBooks\" here (opens in new window)<\/a>.\r\n\r\nNow, let\u2019s check your understanding of subsidiary ledgers and other records and forms used in job order costing systems.\r\n<div class=\"textbox tryit\">\r\n<h3>Practice Question<\/h3>\r\n[ohm_question hide_question_numbers=1]219040[\/ohm_question]\r\n\r\n<\/div>\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Outcomes<\/h3>\n<ul>\n<li>Prepare a job cost record<\/li>\n<\/ul>\n<\/div>\n<p>Obviously, the complicated systems used to track job costs are now automated as part of the overall accounting or enterprise resource system. However, it is still useful to imagine the process in terms of a more manual workflow.<\/p>\n<p>For instance, often the first step after receiving an order would be for the production manager to put the job into the queue and to start an official job card.<\/p>\n<p>Say for instance Jesus Sanchez orders a custom jazz guitar from a luthier company that uses job costing. The production manager would assign the job to a lead luthier and start the job card:<\/p>\n<div style=\"text-align: left;\">\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<\/table>\n<\/div>\n<div><span style=\"float: left;\">Customer: Job<\/span><span style=\"float: right;\">Jesus Sanchez<\/span><br \/>\n<span style=\"float: left;\">Description:<\/span><span style=\"float: right;\">Cherry wood hollow-body f-hole jazz guitar<\/span><br \/>\n<span style=\"float: left;\">Date started:<\/span><span style=\"float: right;\">7\/15\/20XX<\/span><br \/>\n<span style=\"float: left;\">Date completed:<\/span><\/div>\n<p>Date<br \/>\nDirect Materials Description<br \/>\nCost<br \/>\nDirect Labor Hours<br \/>\nStd. rate<br \/>\nTotal<br \/>\nOverhead $30\/DLH<\/p>\n<p>0<span class=\"u-sr-only\">Double line<\/span><\/p>\n<p>0<span class=\"u-sr-only\">Double line<\/span><br \/>\n0<span class=\"u-sr-only\">Double line<\/span><\/p>\n<table class=\"fin-table acctstatement fw\">\n<tbody>\n<tr>\n<td>Summary of costs<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Direct Materials<\/td>\n<td class=\"l\">0<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Direct Labor<\/td>\n<td class=\"l\">0<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mfg. Overhead<\/td>\n<td class=\"l\">0<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>\u00a0 Total Cost<\/td>\n<td class=\"l line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>0 <span class=\"u-sr-only\">Double line<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>The company will likely use many forms to accumulate costs, such as a materials requisition form that will allow the production crew to remove raw materials from the warehouse:<\/p>\n<div style=\"text-align: left;\">\n<div style=\"text-align: left;\">\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<\/table>\n<\/div>\n<p>Quantity<br \/>\nItem #<br \/>\nDescription<br \/>\nUnit Desc.<br \/>\nUnit Cost<br \/>\nTotal Cost<\/p>\n<p>Supervisor signature _____________________________________<br \/>\n<span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>In addition, company timesheets will have fields for direct and indirect time:<\/p>\n<div style=\"text-align: left;\">\n<table class=\"fin-table gridded\">\n<thead>\n<tr style=\"text-transform: uppercase;\">\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Start Time<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">End Time<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Job #<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Hours<\/th>\n<th class=\"c\" rowspan=\"2\" scope=\"col\">Admin<\/th>\n<th class=\"c\" scope=\"col\">Hours<\/th>\n<th class=\"c\" scope=\"col\">Total hours<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r\">0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r\">0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r\">0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r\">0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r\">0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r\">0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\n<td class=\"r line-double\"><span class=\"u-sr-only\">Single Line<\/span> 0 <span class=\"u-sr-only\">Double line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Luthier Chas Martin initiates a requisition for materials, gets it signed, takes it to the warehouse, and the warehouse manager issues 4 board feet of cherry and a maple neck, and the transaction is recorded in the company financial records as a transfer from raw materials to work in process:<\/p>\n<div style=\"text-align: left;\">\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<\/table>\n<\/div>\n<p>Quantity<br \/>\nItem #<br \/>\nDescription<br \/>\nUnit Desc.<br \/>\nUnit Cost<br \/>\nTotal Cost<\/p>\n<p>4<br \/>\n541115<br \/>\ncherry wood<br \/>\nbft<br \/>\n$ 55.00<br \/>\n$220.00<\/p>\n<p>1<br \/>\nA85MPL<br \/>\nmaple neck<br \/>\neach<br \/>\n$ 97.00<br \/>\n$ 97.00<\/p>\n<p>Supervisor signature _____________________________________<br \/>\n<span class=\"u-sr-only\">Single Line<\/span> $317.00 <span class=\"u-sr-only\">Double line<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Chas works on that project and another during the day, and also attends two administrative meetings. He turns in his timesheet:<\/p>\n<div style=\"text-align: left;\">\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<\/table>\n<\/div>\n<p>Start Time<br \/>\nEnd Time<br \/>\nJob #<br \/>\nHours<br \/>\nAdmin<br \/>\nHours<br \/>\nTotal hours<\/p>\n<p>8:00<br \/>\n10:30<br \/>\n5054<br \/>\n2:30<\/p>\n<p>2:30<\/p>\n<p>10:30<br \/>\n12:00<\/p>\n<p>1:30<br \/>\n1:30<\/p>\n<p>1:00<br \/>\n2:30<br \/>\n5054<br \/>\n1:30<\/p>\n<p>1:30<\/p>\n<p>2:30<br \/>\n5:00<br \/>\n5055<br \/>\n2:30<\/p>\n<p>2:30<\/p>\n<p>0:00<\/p>\n<p>0:00<\/p>\n<p>15163 <span class=\"u-sr-only\">Double line<\/span><br \/>\n6:30 <span class=\"u-sr-only\">Double line<\/span><\/p>\n<p>1:30 <span class=\"u-sr-only\">Double line<\/span><br \/>\n8:00 <span class=\"u-sr-only\">Double line<\/span><\/p>\n<table class=\"fin-table acctstatement fw\">\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Job:<\/td>\n<td>5054<\/td>\n<td>4:00<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>5055<\/td>\n<td>2:30<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Admin<\/td>\n<td>1:30<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td class=\"l line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span> 8:00 <span class=\"u-sr-only\">Double line<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>At the end of the day, the job sheet would look like this:<\/p>\n<div style=\"text-align: left;\">\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\">\n<\/caption>\n<\/table>\n<\/div>\n<div><span style=\"float: left;\">Customer: Job<\/span><span style=\"float: right;\">Jesus Sanchez<\/span><br \/>\n<span style=\"float: left;\">Description:<\/span><span style=\"float: right;\">Cherry wood hollow-body f-hole jazz guitar<\/span><br \/>\n<span style=\"float: left;\">Date started:<\/span><span style=\"float: right;\">7\/15\/20XX<\/span><br \/>\n<span style=\"float: left;\">Date completed:<\/span><\/div>\n<p>Date<br \/>\nDirect Materials Description<br \/>\nCost<br \/>\nDirect Labor Hours<br \/>\nStd. rate<br \/>\nTotal<br \/>\nOverhead $30\/DLH<\/p>\n<p>17-Jul<br \/>\nCherry wood<br \/>\n$317.00<\/p>\n<p>$\u00a0 \u00a0 \u00a0 \u00a0 &#8211;<\/p>\n<p>17-Jul<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 4.00<br \/>\n$25.00<br \/>\n$100.00<br \/>\n$120.00<\/p>\n<p>$\u00a0 \u00a0 \u00a0 \u00a0 &#8211;<\/p>\n<p>$\u00a0 \u00a0 \u00a0 \u00a0 &#8211;<\/p>\n<p>$\u00a0 \u00a0 \u00a0 \u00a0 &#8211;<\/p>\n<p>$\u00a0 \u00a0 \u00a0 \u00a0 &#8211;<\/p>\n<p>$317.00 <span class=\"u-sr-only\">Double line<\/span><\/p>\n<p>$100.00 <span class=\"u-sr-only\">Double line<\/span><br \/>\n$120.00 <span class=\"u-sr-only\">Double line<\/span><\/p>\n<table class=\"fin-table acctstatement fw\">\n<tbody>\n<tr>\n<td>Summary of costs<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Direct Materials<\/td>\n<td>$ 317.00<\/td>\n<\/tr>\n<tr>\n<td>Direct Labor<\/td>\n<td>$ 100.00<\/td>\n<\/tr>\n<tr>\n<td>Mfg. Overhead<\/td>\n<td>$ 120.00<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 Total Cost<\/td>\n<td class=\"l line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span> $537.00 <span class=\"u-sr-only\">Double line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>As you have seen, the total of all the job cards constitutes a \u201csubsidiary ledger\u201d that will agree to the general ledger control account.<\/p>\n<p>A subsidiary ledger is a secondary ledger that provides the details of a control account.<\/p>\n<p>A control account is a summarized account balance to make viewing financial statements easier. The total of the items in the subsidiary ledger must match the balance reported in the control account.<\/p>\n<p>This concept relates to job costing because we have 3 main inventory accounts control accounts: Raw Materials Inventory, Work in Process Inventory, and Finished Goods Inventory. Raw Materials inventory is used to store the costs of materials purchased but not yet used in production. The subsidiary ledger would contain details of the individual raw material components.<\/p>\n<p>Work-in-process Inventory is used when we have started but not completed a job and includes all job costs including any costs from the previous period and costs added this period include direct materials, direct labor, and applied overhead. The subsidiary ledger consists of the job cost sheet showing all the direct materials, direct labor, and overhead costs applied to a job. The total of all jobs still in process will equal the balance of the Work in Process Inventory.<\/p>\n<p>Finished Goods Inventory is used when we finish a job and before we sell it. We move the total job cost of the job from Work in Process Inventory to Finished Goods Inventory. The subsidiary ledger for each of the three accounts will be the job cards for the items in each of those categories.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1390 size-large\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5469\/2021\/01\/06214753\/Screen-Shot-2021-05-06-at-2.46.59-PM-1024x474.png\" alt=\"Two horizontal flowcharts are shown. The first flow chart is labeled \u201cPhysical flow of inventory\u201d. It shows four boxes, from left to right, Materials storeroom, Production departments, Finished goods storeroom, and Delivered to customers. The second flowchart is labeled \u201cJob costing\u201d. It shows four boxes, from left to right, Raw Materials inventory, Work in Process inventory, Finished Goods inventory, and Cost of Goods Sold. Below Work in Process inventory, there are two additional boxes pointing to it, Direct labor and Manufacturing overhead. Two boxes are highlighted--Work in Process inventory and Finished Goods inventory\" width=\"1024\" height=\"474\" \/><\/p>\n<p>If the work in process subsidiary ledger looks like this:<\/p>\n<div style=\"text-align: left;\">\n<table class=\"fin-table acctstatement fw\">\n<caption>Work in Process<br \/>\nAs of July 17, 20XX<\/caption>\n<thead>\n<tr class=\"u-sr-only\">\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Total<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Job 5037<\/td>\n<td class=\"r\">$ \u00a0 \u00a0 1,059.00<\/td>\n<\/tr>\n<tr>\n<td>Job 5044<\/td>\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 677.00<\/td>\n<\/tr>\n<tr>\n<td>Job 5046<\/td>\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 842.00<\/td>\n<\/tr>\n<tr>\n<td>Job 5047<\/td>\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 120.00<\/td>\n<\/tr>\n<tr>\n<td>Job 5054<\/td>\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 537.00<\/td>\n<\/tr>\n<tr>\n<td>Job 5055<\/td>\n<td class=\"r\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 62.50<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$ \u00a0 \u00a0 3,297.50<span class=\"u-sr-only\">Double line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Then the control account in the general ledger will also show $3,297.50 in work in process, but the entries will be chronological and not sorted by job or project.<\/p>\n<p>Here is a brief tutorial on how to use Quickbooks(R) to track jobs:<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=6352557&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=2P4gR0F2k88&amp;video_target=tpm-plugin-vwr9xm1n-2P4gR0F2k88\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p>You can view the <a href=\"https:\/\/oerfiles.s3.us-west-2.amazonaws.com\/Managerial+Accounting\/Transcripts\/CreatingJobCostReportsInQuickbooks_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for &#8220;Creating Job Cost Reports in QuickBooks&#8221; here (opens in new window)<\/a>.<\/p>\n<p>Now, let\u2019s check your understanding of subsidiary ledgers and other records and forms used in job order costing systems.<\/p>\n<div class=\"textbox tryit\">\n<h3>Practice Question<\/h3>\n<p><iframe loading=\"lazy\" id=\"ohm219040\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=219040&theme=oea&iframe_resize_id=ohm219040\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-158\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Subsidiary Ledgers and Records. <strong>Authored by<\/strong>: Joseph Cooke. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">All rights reserved content<\/div><ul class=\"citation-list\"><li>Creating Job Cost Reports in Quickbooks. <strong>Authored by<\/strong>: IATB Group. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?app=desktop&#038;v=2P4gR0F2k88\">https:\/\/www.youtube.com\/watch?app=desktop&#038;v=2P4gR0F2k88<\/a>. <strong>License<\/strong>: <em>All Rights Reserved<\/em>. <strong>License Terms<\/strong>: Standard YouTube License<\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">Lumen Learning authored content<\/div><ul class=\"citation-list\"><li>Job costing inventory flowchart. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":364389,"menu_order":9,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Subsidiary Ledgers and Records\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"copyrighted_video\",\"description\":\"Creating Job Cost Reports in Quickbooks\",\"author\":\"IATB Group\",\"organization\":\"\",\"url\":\"https:\/\/www.youtube.com\/watch?app=desktop&v=2P4gR0F2k88\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"},{\"type\":\"lumen\",\"description\":\"Job costing inventory flowchart\",\"author\":\"\",\"organization\":\"Lumen 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