Peer Review

Basic Concepts of Job Costing

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Overview:: This 9:28 minute video is the first in a series of five presentations that coincide with Chapter 19 titled Job Costing and Modern Cost Management Systems from the author's online course and textbook. The mirror site provides a link to the other four videos (Information Systems for Job Cost Environments, Tracking Job Costs in the Corporate Ledger, Accounting for Actual and Applied Overhead, and Job Costing in Service, Non-profit, and Government Environments). This YouTube video focuses on job costing, demonstrating the use of a manual and electronic job cost sheet to collect direct labor, materials requisitioned, and overhead applied to particular jobs.
Type of Material:: Video presentation for an online course.
Recommended Uses:: Review of the chapter material (concept of job order costing) - in class, lecture.
Technical Requirements:: Video Capability
Identify Major Learning Goals:: Develop a basic understanding of cost accumulation in a job order costing system.
Target Student Population:: High school or introductory managerial accounting course in college.
Prerequisite Knowledge or Skills:: Basic concepts of manufacturing costs.

Rating:
Strengths:: This short video is easy to follow and understand. It provides a basic illustration of job order costing and the related source documents involved. The module provides a clear and concise demonstration of job costing, that is accurate, current, and relevant. The video is informed by scholarship and demonstrates core concepts grounded in the discipline. Concepts are integrated and summarized well.
Concerns:: While the module contains an example, it is not self contained nor does it include any assignments. The video provides only one demonstration of the concept. Flexibility is limited in that its use is primarily as a lecture for an online course.

Rating:
Strengths:: The video is very efficient in that users can learn the essentials concepts associated with job costing in a short amount of time. The video is well organized and reinforces concepts progressively and demonstrates relationships between them. The example used is a repair business, to which students should easily relate. No prerequisite knowledge is required to understand this presentation. The purpose of the video is to inform/demonstrate a basic concept, and the presentation accomplishes this goal.
Concerns:: Explicit objectives are not stated.

Rating:
Strengths:: The video is easy to use and follow. It has clear instructions and is above average in terms of visual appeal. The video is in color and can be displayed on a television screen. It provides a relevant example of a job cost sheet and explains how to calculate calculate the total costs for a project.
Concerns:: The module, although visually appealing, is not engaging or interactive.

Other Issues and Comments:: The video is intended for a specific audience (students in an online course) and adequately demonostrates the basic concept of job order costing.
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