General Production Costs
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Transcript of General Production Costs
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8/20/2019 General Production Costs
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General production costs
The purpose of this classification is to serve the accounting costadvantage
+ Classification of production costs according to factors including factors Cost 5
raw materials, materials ; Labor costs; Depreciation expense assetsnail; Cost of hired services; ther cash costs!
The purpose of this classification is to provide a reference for drafting
production costs for each cost element, calculating capital re"uirements
needed for production!+ Classification of production costs according to volume relationship leather#
$roducts include variable expenses; The fixed costs; Cost mixture!
The purpose of this classification is to provide rapid information on changes production costs in man# manufacturing situations, the basis from which to ma%e
that is sufficient to timel# decision&ma%ing in business!
'! '! (ssignment ) assorted costs+ *ased on the time and cost calculation, the cost of products
are divided into cost planning, cost and price norms
into realit#!+ *ased on inductive charges range split into cost of production
The overall export price also %nown as consumer prices-! Define the ob.ect set production costs and to run computer
price!+ b.ect collection production costs are limited extent that the cost
producers need to set in which, essentiall#! determine where the costs incurred and which bear the cost! /uch as
a wor%shop /0,chain, stages! groups1
+ b.ect costing is the t#pe of product, product details,
.obs, emplo#ment services, business services produced, should betotal costs and unit costs!
2! /tates costing
Cost calculation period is the period where cost accounting department should proceedthe .ob costing for ob.ects costing! Team
with short production c#cles and product warehousing continuousl# alternating
production process, the proper term is costing each month in
the end of the month! 3or long production c#cle, products are4ecommended are single, or a series of orders that the finished product
onl# at the end of the production c#cle, the appropriate period costs
is the end of the production c#cle, while finished products!! (CC67T7G T89/ $4D6CT7 C/T/
:! (ccounting cost of direct materials
:!:! Contents cost of materials directl# C$ 7
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General 9anufacturing fixed costs actuall# incurred greater costs of production
$ermanent General is charged to cost of products are recorded incost of goods sold in the period, recording
Debit (ccount >-' & Detailed production costs not allocated a fixed share
(ccount >'? & General production expenses!Get bac% data 8xample : /uppose the end of 9a# the cost accounting /0
fixed share allocated to warehousing /$ :@@ plus variable cost
general costs 'A!?@@!@@@d /0, /0 common share of fixed costs
does not allocate production costs due to lower D7 average capacit#usuall# 'A!?'@!@@@d & 'A!?@@!@@@d & '@,@@@! (ccounting as follows
+ (t the end of the month to allocate general expense C$/0 /0 in the period
Debit :52 'A!? million>-' Debt '@,@@@
Bes >'? 'A!?' million
+ /o the total cost of /$ is A@!>A@!@@@d ',@@@,@@@ + ',-@@,@@@ + '-,A@@,@@@ + 'A,?@@,@@@ & -,@@@,@@@
& :'@,@@@
(nd cost is a A@>!A@@d /$ ) sp!