F2Chapter14ProcessCosting

1、f2 chapter 14 process costingaccaspace provided by acca research institute copyright ? accaspace4 accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) acca f2 management accounting (ma) 管理會(huì)計(jì) acca lecturer: belinda qiu copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 2 part b job and batch costing 1. job costing 2. batch co

2、sting copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 3 part b process costing 1. process account 2. normal loss 3. abnormal loss/gain 4. wip 85. fifo and weighted average method 6. joint and by-products copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 4 part b process costing 1. introduction 1.1

3、 1.2 features copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 5 part b process costing 2. losses and gain in process costing 2.1 normal losses 2.1.1 the expectation is based on past experience and the loss is considered to be unavoidable. 2.1.2 solution procedures of normal losses having a scrap v

4、alues: calculate the number of normal loss units calculate the expected number of output units total the process costs calculate the cost per unit cost per unit= total costs of inputs?scrap values of normal lossexpected output copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 6 part b process costin

5、g 2.2 abnormal loss and gain 2.2.1 abnormal loss units=expected output-actual output 2.2.2 copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 7 part b process costing 3. process account copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 8 part b process costing example: input materials 1000kg $9000, l

6、abor cost $18000, ohs $13500 normal loss=10% of input(expected). actual output 850kg. losses are sold as scrap for $9/kg. cost per unit and accounts ? cost per unit=9000:18000:13500;10091000(1;10%)=44 normal loss=1000*10%*9=900 abnormal loss=(1000*(1-10%)-850)*44=2200 scrap value of abnormal loss=50

7、*9=450 output=44*850=37400 copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 9 part b process costing copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 10 part b process costing 4. work in progress 4.1 equivalent units it is unlikely that all inputs to production will take place at the same time. ex

8、ample from bpp: copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 11 part b process costing copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 12 part b process costing 4.2 cost allocation between fg and wip 4.2.1 weighted average method copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 13 part b pro

9、cess costing cost of opening wip current period cost total cost cost of closing wip cost of fg copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 14 part b process costing copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 15 part b process costing 4.2.2 fifo method cost of opening wip current period

10、cost cost of finishing opening wip cost of units started and finished cost of units started but not finished cost of fg cost of closing wip copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 16 part b process costing copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 17 part b process costing 4.3 whic

11、h method should be chosen? 在weighted average方法中，我們一直在使用equivalent unit，需要完工度 copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 18 part b process costing 5. joint and by-product 5.1 introduction copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 19 part b process costing 5.2 treatment of by-product co

12、pyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 20 part b process costing 5.3 appointment joint cost the total joint cost incurred in the process were $24000 products units weight sales x 6000 4000 14000 y 2000 1800 7000 z 2000 2200 9000 p/l based on physical weight or sales value (a)240001800:4000:2200= 3/? (b)2400014000:7000:9000= 0.8/? copyright ? accaspace accaspace 中國acca特許公認(rèn)會(huì)計(jì)師教育平臺(tái) 21 part b process costing copyright ?