已阅读5页,还剩9页未读, 继续免费阅读
版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
.,Chapter11Processcosting,jointproductsandby-products,.,Studyguide,Distinguishbetweenby-productsandjointproducts.kValueby-productsandjointproductsatthepointofseparation.sPrepareprocessaccountsinsituationswhereby-productsand/orjointproductsoccur.s,.,Jointproductsandby-products1.1JointproductsP240,JointproductsaretwoormoreproductswhichareoutputfromthesameprocessingoperationTheywillbeindistinguishablefromeachotheruptotheirpointofseparation(split-offpoint),.,Theypossesssubstantialsalesvaluebeforeorafterfurtherprocessing,Costsincurreduptothispointarecalledcommoncostsorjointcosts.Jointcostsmustbeapportionedbetweenthejointproducts,.,1.2Problemsinaccountingforjointproducts,Howcommoncostsshouldbeapportionedbetweenproducts,inordertoputavaluetoclosinginventoriesandtothecostofsale(andprofit)foreachproduct.Whetheritismoreprofitabletosellajointproductatonestageofprocessing,ortoprocesstheproductfurtherandsellitatalaterstage.,.,1.3By-products,Aby-productisasupplementaryorsecondaryproductwhicharisesastheresultofaprocessThevalueofaby-productissmallrelativetothatoftheprincipalproduct,.,Whatexactlyseparatesajointproductfromaby-product?,Ajointproductisregardedasanimportantsaleableitem,andsoitshouldbeseparatelycosted.Theprofitabilityofeachjointproductshouldbeassessedinthecostaccounts.Aby-productisnotimportantasasaleableitem,andwhateverrevenueitearnsisabonusfortheorganisation.Becauseoftheirrelativeinsignificance,by-productsarenotseparatelycosted.Jointcostsdonotallocatetoaby-product,.,2.Dealingwithcommoncosts,Therearetwomainmethodsofapportioningjointcostsphysicalmeasurementorsalesvalueatsplit-offpoint,.,2.1Physicalmeasurement,CostsapportionedonbasisofproportionofoutputtothetotaloutputThisproportioncanbebaseduponweightorvolume,.,Physicalunitsbasisusefulwhere:Thejointproductsareinthesameform,e.g.bothsolidsorbothliquidsThejointproductsarecomponentsinanotherproductandthereforehavenorelevantsalesvalue.Limitations:Thismethoddoesnottakeintoaccounttherelativeincome-earningpotentialsoftheindividualproducts,withtheresultthatoneproductmightappearveryprofitableandanotherappeartobeincurringlosses.,.,2.2Salesvaluemethod,CostsapportionedinproportionofsalesvalueofjointproducttototalsalesvalueofoutputTherelativesalesvaluemethodisthemostwidelyusedmethodofapportioningjointcostsbecause(ignoringtheeffectoffurtherprocessingcosts)itassumesthatallproductsachievethesameprofitmargin.Withrelativesalesvalueapportionmentofcommoncosts,thecostisallocatedaccordingtotheproductsabilitytoproduceincome.,.,3.Accountingforby-products,Salesincome(minusanypost-separationfurtherprocessingorsellingcosts)maybeaddedtosalesofthemainproduct.Salesincomemaybetreatedasaseparate,incidentalsourceofincomeagainstwhicharesetonlypost-separationcosts.Salesincomemaybedeductedfromthecostofproductionorcostofsalesofthemainproduct.Thenetrealisablevaluemaybedeductedfromthecostofproductionofthemainproduct.Thenetrealisablevalueisthefinalsaleablevalueminusanypost-separationcosts.,Ifby-productusualoccurrence,Ifby-productbeaone-off,P247.Example:methodsofaccountingforby-products,.,Chapterroundup,Jointproductsaretwoormoreproductsseparatedinaprocess,eachofwhichhasasignificantvaluecomparedtotheother.Aby-productisanincidentalproductfromaprocesswhichhasaninsignificantvaluecomparedtothemainproduct.Thepointatwhichjointandby-productsbecomeseparatelyidentifiableisknownasthesplit-offpointorseparationpoint.Costsincurreduptothispointarecalledcommoncostsorjointcosts.,.,Themainmethodsofapportioningjointcosts,eachofwhichcanproducesignificantlydifferentresultsareasfollows:physicalmeasurement;andrelativesalesvalueapportionmentmethod;salesvalueatsplit-offTherelativesalesvaluemethodisthemostwidelyusedmethodofapportioningjointcostsbecause(ignoringthe
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 幼儿园学期计划汇编10篇资料
- 教师个人工作总结范文集合六篇
- 有机磷农药中毒个案护理
- 2023年仓管员个人年终工作总结报告 仓管员个人年终工作总结
- 吉林省长春市榆树市2022-2023学年七年级下学期6月月考数学试卷(含解析)
- DGTJ08-2128-2013 轨道交通及隧道工程混凝土结构耐久性设计施工技术规范
- 餐饮营销的实施方案5篇
- 冲刺高考励志话题个人演讲稿7篇
- 学校美食节方案策划(2篇)
- 配电盘、柜(箱)的安装
- 中共第六届全国人民代表大会
- 工程建设其他费
- 企业移交清单模板(基础版)
- 幼儿音乐游戏
- 马克思主义新闻观练习题
- 《身体红绿灯》健康教育课件
- DB45-T 2227-2020高速公路水泥混凝土路面养护技术规程-(高清可复制)
- 《棉花姑娘》优秀课件
- 高中英语选择性必修三 课文及翻译
- 小升初作文技巧讲解大全(完美版)课件
- 耳鼻喉病例汇报 课件
评论
0/150
提交评论