Please enable JavaScript.
Coggle requires JavaScript to display documents.
Process Costing (Loss with Scrap Value 废料价值 (Calculation (Step 1 Determine…
Process Costing
Loss with Scrap Value 废料价值
Scrap
"discarded material having some value"
Scrap value of
Normal
Loss
deducted from "cost of materials"
减少成本
有残余价值时，以残余价值计量；
没有时，价值为0
Scrap value of
Abnormal
Loss/gain
set off against its cost
抵消亏损
和good output一样计量
Calculation
Step 1 Determine output and losses
Step 2 Calculate cost per unit of output and losses
Step 3 Calculate total cost of output and losses
The Basis of Process Costing
Feature
pervious
output
>> next
input
Loss
due to spoilage, wastage, evaporation etc.
Closing work in process
By-product
or
Joint product
: is used when it's impossible to identify separate units;
continuous nature
Conversion Cost
Direct labor + Production O/H
Losses in Process Costing
Normal Loss
NOT given a cost
Abnormal Loss
given a cost
Abnormal Gain
"negative cost"
Valuing Opening WIP: Weighted Average Cost Method
e.g. Liquid products
不区分本期和上期
Calculation
(only OUTPUT & CLOSING)
EU
$/EU
= （本期成本+上期成本）/
（上期EU + 本期EU）
分钱
T-account
Losses with Disposal Cost
清理费用
Normal Loss
增加成本
Abnormal Loss
增加亏损
Valuing closing WIP
Equivalent Units
(EU)
amounts of WIP * degree of completion =
Degree of Completion
Direct Materials
Direct labor and O/H
Valuing Opening WIP: FIFO