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Process Costing

This video explains the concept of process costing in managerial accounting. Process costing is compared and contrasted with job-order costing, and an example is provided to illustrate the cost flows and associated journal entries of a process costing system.
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Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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Пікірлер: 90

  • @rachelwong8810
    @rachelwong88104 жыл бұрын

    Thank you for this video, really helped me understand everything in 12 minutes as compared to probably 2 hours of self studying :)

  • @brentahyde
    @brentahyde8 жыл бұрын

    Just wanted to thank you, I have been watching your videos to help get me through class. It is easy stuff to understand, but the book they want us to buy is over $600 and I can't find cheaper versions of it on Amazon, Ebay, etc. So I've been watching your videos instead of reading chapters.

  • @trisutrisnoadri980
    @trisutrisnoadri9807 жыл бұрын

    Clearly Explained...Thanks for being my savior for the quiz tomorrow:)

  • @daphnegould1466
    @daphnegould14666 жыл бұрын

    I've been watching your videos for three hours straight! They're so efficient and helpful!

  • @Edspira

    @Edspira

    6 жыл бұрын

    Wow! I'm impressed that the videos captured your attention for that long :) I just got all my managerial accounting videos posted to my website, where you can track your progress. Eventually there will also be practice exercises and practice exams. To check it out you can go to: edspira.com/courses/managerial-accounting The materials will always be free. Thanks so much for watching!

  • @franckishjanecruz3179
    @franckishjanecruz31794 жыл бұрын

    Your videos are much understandable than our text book and I prefer listening to your explanation because I understand it more than listening to my teacher. My teacher's explanations just gives me a headache while yours is giving me enlightment. Thank you very much for doing such an educational video..😍😉👍

  • @suraiyahkhan9027
    @suraiyahkhan90276 жыл бұрын

    Put him on speed 1.25 and its perfect lolol

  • @aneal191

    @aneal191

    5 жыл бұрын

    Thank you for the tip!

  • @julanshirwod6716

    @julanshirwod6716

    5 жыл бұрын

    suraiyah khan The normal speed is better for us, non-English speakers.

  • @sviatoslavstock

    @sviatoslavstock

    4 жыл бұрын

    1.75, 1.5

  • @joehopkins3684

    @joehopkins3684

    4 жыл бұрын

    @@julanshirwod6716 go improve your english. I am a non native speaker but i find speed 1.75 too slow. Let alone 1.25

  • @Michael-jv2gf

    @Michael-jv2gf

    4 жыл бұрын

    genius

  • @davidsteltzner5198
    @davidsteltzner51983 жыл бұрын

    Thank you, thank you, thank you!! You are making managerial accounting easier for me.

  • @lessieowolabi4003
    @lessieowolabi40037 жыл бұрын

    Thanks, I really thought I wont be able to figure it out..you made my life easier..God bless you very much..am so grateful

  • @3650days
    @3650days8 жыл бұрын

    Thanks so much Michael! I really appreciate all you do for us!

  • @Edspira

    @Edspira

    8 жыл бұрын

    +3650days It's my pleasure. Thank you for the kind words, and I hope you do wonderful in your courses!

  • @piptachio
    @piptachio7 жыл бұрын

    you explain better than my lecture! thankyou, Sir!

  • @lekosityebi353
    @lekosityebi3538 жыл бұрын

    God has blessed you with gift he has given, its very much helpful especial for distance learning students.I have watched almost all the BCOM Internal Auditing modules.

  • @HforHelm
    @HforHelm8 жыл бұрын

    I think there is more in-depth explaining but thank you though for your time and your try to help us.

  • @luck002
    @luck0029 жыл бұрын

    weep a cow. Btw, your video really help me. Thank you.

  • @TruePromise
    @TruePromise6 жыл бұрын

    from the depth of my heart thank you for great video

  • @wedel12345
    @wedel123456 жыл бұрын

    You are just amazing with your videos mate!

  • @musakeita4721
    @musakeita47217 жыл бұрын

    It really helps me to understand my subject matters

  • @gurjasssingh9740
    @gurjasssingh97404 жыл бұрын

    made the chap easy

  • @islamkenawy
    @islamkenawy7 жыл бұрын

    Thank you! you did a great job.

  • @acer4237
    @acer42374 жыл бұрын

    Thank you...thank you...not what I had got from the book! Lifesaver

  • @allaboutkids118
    @allaboutkids1187 жыл бұрын

    You are really doing an Amazing Job

  • @faresissmail9534
    @faresissmail95348 жыл бұрын

    Thanks a lot.... you have a great ability to communicate information ....it looks easier

  • @Edspira

    @Edspira

    8 жыл бұрын

    Thank you for the kind words! Best wishes

  • @hendkhorishi5569
    @hendkhorishi55693 жыл бұрын

    Thank you so much. I really prefer to listen to your explanations

  • @AishaJanna
    @AishaJanna5 жыл бұрын

    ive been studying for 5 hrs and i dont understand anything. this helped a lot because im stupid

  • @IIcultivatorII

    @IIcultivatorII

    3 жыл бұрын

    Yes. Yes u r

  • @hoifungzyu5973
    @hoifungzyu59734 жыл бұрын

    LOVE YOU TEACHER!!!!!

  • @luyaozhang2472
    @luyaozhang247210 жыл бұрын

    thank you !

  • @jaykay9261
    @jaykay92618 жыл бұрын

    awesome videos. So grateful for them .

  • @Edspira

    @Edspira

    8 жыл бұрын

    No problem. Best of luck!

  • @dstryrkurowste9663
    @dstryrkurowste96636 жыл бұрын

    This was very helpful man. Thankyou 😀

  • @Edspira

    @Edspira

    6 жыл бұрын

    Happy to help!

  • @Titanium3X
    @Titanium3X6 жыл бұрын

    I watched on 1.5 speed,, saves time. Excellent explanation!

  • @Edspira

    @Edspira

    6 жыл бұрын

    Thanks!

  • @boipelop6522
    @boipelop65228 жыл бұрын

    Thank you 🙏🏾

  • @kimsreynou5232
    @kimsreynou52324 жыл бұрын

    Now I want some cookies lol Thank you for a great video, you're helpful as always.

  • @relaxedway5
    @relaxedway57 жыл бұрын

    very helpful visuals!

  • @thabelorangolo5147
    @thabelorangolo51473 жыл бұрын

    Thank you for sharing this video 🙏

  • @Edspira

    @Edspira

    3 жыл бұрын

    My pleasure

  • @mohammedadel4973
    @mohammedadel49733 жыл бұрын

    really helpful , Thanks!

  • @Edspira

    @Edspira

    3 жыл бұрын

    Glad it was helpful!

  • @unzikarim2648
    @unzikarim26484 жыл бұрын

    You the bessttt!! It's year 3 for me and you are still Useful af to me :*

  • @paridhiroy417

    @paridhiroy417

    4 жыл бұрын

    Please support this Commerce Ma'am 🥺🙏❤️ kzread.info/dron/19Nh6gLTxl-9n6maQl99cQ.html

  • @max-zl1vm
    @max-zl1vm7 жыл бұрын

    This would have taken half an hour to figure out from my textbook

  • @Edspira

    @Edspira

    7 жыл бұрын

    I'm glad you are finding the channel useful!

  • @sridhar4203

    @sridhar4203

    7 жыл бұрын

    Educat ion Unlocked

  • @artate92

    @artate92

    5 жыл бұрын

    Accoutning textbooks and the pearson myaccountinglab ate terrible!!

  • @TheFedericohiguain2

    @TheFedericohiguain2

    5 жыл бұрын

    AR Tate agree, I always need KZread video to fully understand what is on their textbook, they make it so complicated

  • @joehopkins3684

    @joehopkins3684

    4 жыл бұрын

    @@artate92 you are stupid. that's all

  • @mjassar8603
    @mjassar86035 жыл бұрын

    amazing

  • @gabrielelizondo3533
    @gabrielelizondo35335 жыл бұрын

    How did you get the 47,000 dollars in the btw depts

  • @AhmedRagab-ie7pz
    @AhmedRagab-ie7pz7 жыл бұрын

    Really perfect. Thank you sooooo much

  • @Edspira

    @Edspira

    7 жыл бұрын

    No problem. Thanks for watching!

  • @user-es3zr7cj5p
    @user-es3zr7cj5p2 жыл бұрын

    You are a genius sir! Full respect!!

  • @Shalabiology
    @Shalabiology8 жыл бұрын

    what software are you using to make this lecture? i like the idea

  • @danaisiridasak8644
    @danaisiridasak86445 жыл бұрын

    If the factory produced various kind of cookies using the same machines, would it also be process costing system?

  • @chawankawa4506
    @chawankawa45066 жыл бұрын

    “I actually don’t have to say stuff” 😂

  • @anisahsarah2646
    @anisahsarah26467 жыл бұрын

    thank you for this hidden gem 💕

  • @DJDollarVEVO
    @DJDollarVEVO6 жыл бұрын

    Thank you!

  • @Edspira

    @Edspira

    6 жыл бұрын

    No problem!

  • @patriciaburnett6665
    @patriciaburnett66657 жыл бұрын

    is the manufacture of footballs a process cost system?

  • @msGenerous0
    @msGenerous08 жыл бұрын

    champ!

  • @hanahwelch5690
    @hanahwelch56902 жыл бұрын

    thx soo much

  • @Edspira

    @Edspira

    2 жыл бұрын

    No problem!

  • @mugandaje
    @mugandaje8 жыл бұрын

    who is here for CPA prep?

  • @Matt_7896

    @Matt_7896

    6 жыл бұрын

    🙋🙋🙋😅😅😅

  • @SuperMarioGamerBros

    @SuperMarioGamerBros

    6 жыл бұрын

    Accounting 2 exam in the morning

  • @sivembangiswano7460

    @sivembangiswano7460

    6 жыл бұрын

    How did it go? trying to prepare for next week

  • @henryikeji9367

    @henryikeji9367

    5 жыл бұрын

    cpa core 2 module @@sivembangiswano7460

  • @TheMrAyedh
    @TheMrAyedh5 жыл бұрын

    Wow

  • @adeelyasmin.2087
    @adeelyasmin.20877 жыл бұрын

    Question: can we Credit OH expense account (or Any other expense account ) to Debit WIP???

  • @Matt_7896

    @Matt_7896

    6 жыл бұрын

    adeel yasmin On what purpose? What particular kind of transaction?

  • @zedbongo2033
    @zedbongo20333 жыл бұрын

    is wip account also known as clearing account or suspended account?

  • @MichaelPari
    @MichaelPari3 жыл бұрын

    how did you get the 47,000?

  • @zenandezenande3941
    @zenandezenande39415 жыл бұрын

    I need you as my tutor sir

  • @kautsar9754
    @kautsar97543 жыл бұрын

    im crying..

  • @SuchingYan
    @SuchingYan4 жыл бұрын

    the volume is too low

  • @Nicolastsw
    @Nicolastsw9 жыл бұрын

    Weep account.

  • @Hushoo

    @Hushoo

    9 жыл бұрын

    wippaccount