On the methods of cost accounting and accounting entries

First, the process of cost accounting in industrial enterprises

(a) the collection and distribution of elemental costs.

Referring to: production of raw materials, workers' wages and benefits, depreciation and so on and so forth.

1, material costs

(1) directly consumed materials:

Borrow: production costs - basic production costs - a product

Borrow: production costs - auxiliary production costs - a workshop

Borrow: manufacturing costs

Loan: raw materials - a material

(2) ***consumption of materials

Allocation rate = *** consume material costs / allocation criteria

Allocation criteria are usually selected quota consumption.

After allocation, make the same entry as above.

2, labor costs

(1) wages

Borrow: production costs - basic production costs - a product

Borrow: production costs - auxiliary production costs - a workshop

Borrow: manufacturing costs

Loan: wages payable

If the worker to do more than two kinds of products,

Allocation Rate = Wages of production workers/allocation criteria

Allocation criteria is usually chosen as production hours

(2) Welfare expenses

14% of wages. Calculations and entries are the same as above.

3, other elements of the cost allocation of accounting entries, such as depreciation, miscellaneous expenses incurred in the workshop.

(B) the distribution of indirect costs

1, auxiliary production costs

The first step of the cost of production costs - auxiliary production costs account for the collection of costs, the total amount of the allocation of beneficiary objects according to the corresponding account.

Borrow: Production Costs - Basic Production Costs - a product (if the beneficiary is a product)

Borrow: Manufacturing Expenses

Credit: Production Costs - Auxiliary Production Costs - a workshop

It is important to note that this is all that is needed when there is only one auxiliary production workshop in the enterprise. When the enterprise has more than two auxiliary production workshop, you must choose the direct allocation method, interactive allocation method, algebraic allocation method and so on the method of allocation and then do the bookkeeping. This is omitted.

2, the basic workshop manufacturing costs.

First of all the total amount of the first to be credited to the "manufacturing overhead" account.

When the workshop has more than two products:

Allocation rate = total manufacturing costs / allocation criteria

Allocation criteria are usually used to select the production of man-hours or machine hours

Borrow: Production Costs - Basic Production Costs - a product

Loan: Manufacturing Expenses

(C) the distribution of the pooled "Production costs - basic production costs.

First, all the amounts charged to the "production costs - basic production costs - a product" account to be pooled, and then choose a certain method, the end of the month to carry forward the finished product.

Borrow: finished goods - a product

Credit: production costs - basic production costs - a product

Two, the end of the month to carry forward the entries involved in

1, accrued welfare costs, according to the 14% of the total payroll

Borrow: administrative expenses (or manufacturing overhead, etc.) - welfare costs

Credit: welfare costs

2. Accrued employee education expenses, 1.5% of total wages

Borrow: administrative expenses (or manufacturing costs, etc.)-employee education expenses

Loan: other payables-employee education expenses

3. Wage allocation

Borrow: production costs, manufacturing costs, administrative expenses, etc.

Loan: wages payable

4, depreciation

Borrow: administrative expenses (or manufacturing costs, etc.) - depreciation expense

Loan: accumulated depreciation

5, carry forward the various revenues

Borrow: income from the main business, other operating income, non-operating income

Loan: profit for the year

6, carry forward the cost of expenditure

Borrow: current year Profit

credit: cost of main business, other operating expenses, non-operating points

7, carry forward expenses

borrow: profit for the year

credit: administrative expenses, operating expenses, finance costs

8, carry forward taxes

borrow: profit for the year

credit: main business tax and surcharge

9、Quarterly (or monthly) income tax carry forward

Borrow: profit for the year

Credit: income tax