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Custom fabric ventures: An instructional resource in job costing for the introductory managerial accounting course

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  • Braun, Karen W.

Abstract

Job costing is a core foundational concept in the introductory managerial accounting course. The purpose of this instructional resource (IR) is to provide a thorough hands-on, active learning resource that will allow introductory students to experience a full set of accounting and management activities necessary to produce a job and assign production costs to it. For example, the IR requires students to analyze overhead costs, determine the optimal job size, schedule production, calculate the amount of materials to purchase, complete material requisitions, update raw materials records, analyze labor time records, complete a job cost record and address critical thinking questions. The IR was developed for use in a “flipped classroom” in which students work under the guidance of the instructor, but could alternatively be assigned as an unsupervised out-of-class assignment or on-line project. Since the IR was specifically developed as a learning tool for novice introductory managerial accounting students, adequate guidance is provided throughout the activity. However, to add realism and challenge students to think beyond the confines of simple mechanics, management and accounting issues are seeded throughout. Student feedback indicates that the IR not only helps students learn how a job costing system operates, but also helps students become aware of management decisions and accounting issues that impact the costs assigned to a job.

Suggested Citation

  • Braun, Karen W., 2013. "Custom fabric ventures: An instructional resource in job costing for the introductory managerial accounting course," Journal of Accounting Education, Elsevier, vol. 31(4), pages 400-429.
  • Handle: RePEc:eee:joaced:v:31:y:2013:i:4:p:400-429
    DOI: 10.1016/j.jaccedu.2013.07.004
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    References listed on IDEAS

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    1. Stuebs, Martin, 2011. "Revealing money’s time value," Journal of Accounting Education, Elsevier, vol. 29(1), pages 14-36.
    2. Sekhar, Late R.C. & Rajagopalan, A.V., 2012. "Management Accounting," OUP Catalogue, Oxford University Press, number 9780195683608.
    3. Apostolou, Barbara & Hassell, John M. & Rebele, James E. & Watson, Stephanie F., 2010. "Accounting education literature review (2006–2009)," Journal of Accounting Education, Elsevier, vol. 28(3), pages 145-197.
    4. John Doran & Margaret Healy & Maeve McCutcheon & Steve O'Callaghan, 2011. "Adapting Case-Based Teaching to Large Class Settings: An Action Research Approach," Accounting Education, Taylor & Francis Journals, vol. 20(3), pages 245-263.
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    Cited by:

    1. Ayres, Douglas & Stanfield, Jason, 2019. "Pulling it all together: ACME trailers, a costing case," Journal of Accounting Education, Elsevier, vol. 46(C), pages 72-88.
    2. Willis, Veronda F., 2016. "A model for teaching technology: Using Excel in an accounting information systems course," Journal of Accounting Education, Elsevier, vol. 36(C), pages 87-99.
    3. Gross, Andrew & Hemker, Jeff & Hoelscher, Jamie & Reed, Brad, 2017. "The role of secondary sources on the taxation of digital currency (Bitcoin) before IRS guidance was issued," Journal of Accounting Education, Elsevier, vol. 39(C), pages 48-54.
    4. Petacchi, Paolo & Potepa, James, 2022. "Ann Arbor Railroad Company: A case study," Journal of Accounting Education, Elsevier, vol. 59(C).
    5. Teuteberg, Torben & Voll, Daniel & Zülch, Henning, 2016. "The success story of international additives producer AG: A case study on categorization of investments under IFRS," Journal of Accounting Education, Elsevier, vol. 34(C), pages 13-29.
    6. Hoelscher, Jamie & Mortimer, Amanda, 2018. "Using Tableau to visualize data and drive decision-making," Journal of Accounting Education, Elsevier, vol. 44(C), pages 49-59.
    7. Zahller, Kimberly A., 2017. "Truffle in paradise: Job costing for a small business," Journal of Accounting Education, Elsevier, vol. 40(C), pages 32-42.
    8. Gross, Andrew & Hoelscher, Jamie & Reed, Brad J. & Sierra, Gregory E., 2020. "The new nuts and bolts of auditing: Technological innovation in inventorying inventory," Journal of Accounting Education, Elsevier, vol. 52(C).
    9. Anctil, Regina & Grimm, Stephanie D. & Maloney, Mary M., 2020. "Atlas managerial accounting case: Examining joint products in the international scrap metal recycling industry," Journal of Accounting Education, Elsevier, vol. 51(C).

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