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1、 Towards Business Awareness AgendaMolex Income Statement Introduction Contents of Molex Income StatementMolex Accounting Terms & DefinitionsProduct Costing COPA and LGM report Prepared by : Polly Yang 2003/02/181 Section one: Molex Income Statement 2Section two: Contents of Molex Income statement Co

2、st of Sales Scrap/Yield LossMaterialCycle Count(Gain)/LossMaterial Consumption(M&P)Purchase PriceVariance(PPV)Slow & ExcessOthers3 Contents of Molex income statement Cost of Sales - Inward Freight Import duty for Dom salesFreight & DutyCustom fee(in & out)4 Contents of Molex income statement Cost of

3、 Sales External manufacturingProduction order toSub-contractorOperator borrow fromSub-contractor5Contents of Molex income statement Cost of Sales Direct LaborWages(Operators, leaders,Setup men,Packers)OvertimeShift Premium/AllowancesBenefit(e g: stock option, insurance, medicaletc)Cost center : 1701

4、-1xxx6Contents of Molex income statement Cost of Sales Variable Overhead(VOH)Indirect People exp(Inspector,material handlerWH assistants, WH coordinators)Power/WaterExpensesSmall equipment/Machine repairs&Maint. ExpensesProduction/Shipping Supplies etc.Cost center :1701-1xxx,1701-300 x,1701-350 x,7C

5、ontents of Molex income statement Cost of Sales Period Manufacturing(PM/FOH)Office/DP SuppliesRental/Communication/Traveling/Entertainmentetc.InsuranceVehicle ExpensesRecruitmentMgmt/Sup people exp(Technicians,engineers,managers,Supervisors & all other employees not Mentioned in DL/VOH for the follo

6、wing CC)Depn/Bldg maintPeople cost onlyCost center:1701-1xxxAll expenses Cost center : 1701-3xxx8Contents of Molex income statement -Selling and General Administration exp.Variable SellingCommissionExpensesFreight paid on partsShipped to customersNon cost center exp, but allocate to business unit9Co

7、ntents of Molex income statement -Selling and General Administration exp.Selling& AdvertisingSupply repairPeople expenseBldg maint./DepnInsuranceEntertainment,Travel expense,sampleVehicles expAdvertisingCost center :1701-4xxx,1701-5xxxInclude general sales, sales office,marketingO/S Services10Conten

8、ts of Molex income statement -Selling and General Administration exp.General AdministrationSupply repairPeople expenseBldg maint./DepnPower/waterInsuranceEntertainment,Travel expense,Vehicles expCost center :1701-7xxx, include general office, finance, HR, MISO/S Services11Contents of Molex income st

9、atement -Selling and General Administration exp.Research & Development (R&D)Supply repairPeople expenseBldg maintenancedepreciationInsuranceEntertainment,Travel expense,Vehicles expCost center :1701-6xxxO/S Services12Contents of Molex income statement -Selling and General Administration exp.Others :

10、 -Misc Income & Expenses Exchange(gain)/LossInterest (Income)/Expense13Contents of Molex income statement Chart of Accounts mapping to Income Statement14Section three : Molex Accounting Terms & DefinitionsOperating costCost of Goods SoldGross profit & gross profit %SGA CostPretax & pretax %LGMDL pro

11、ductivity/people productivity15Molex Accounting Terms & Definitions16Molex Accounting Terms & Definitions17Molex Accounting Terms & Definitions- Case studyCurrent income statement :Now, if there is a new order with revenue $500, but at a high mfg cost, say 80% matl cost, 3% D/L, 3% VOH. Should we ac

12、cept this business ? Will it bring benefit to us ? (assume no new investment are needed).If the matl cost is 90%, 3% D/L, 3% VOH. What will happen ?If the matl cost is 90%, 5% D/L, 5% VOH. How will you make the decision?18Molex Accounting Terms & Definitions- Case study1. 80% material cost, 3% D/L,

13、3% VOH :As no new investment are needed, so no increase in PM & depn, thoughGP% decrease, but it can bring more $70 GP.19Molex Accounting Terms & Definitions- Case study2. 90% material cost, 3% D/L, 3% VOH :GP amount increase, the business still can be considered.20Molex Accounting Terms & Definitio

14、ns- Case study3. 90% material cost, 5% D/L, 5% VOH :No increase in GP, if no other special reason, no need to consider.21Molex Accounting Terms & DefinitionsGP or GM : Gross profit or Gross margin = Sales revenue cost of goods soldGP% : GP/ Sales revenuePretax : profit before tax = Sales revenue cos

15、t of goods sold SG&A = GP SG&APretax % : Pretax/Sales revenue22Molex Accounting Terms & DefinitionsLGM : Landed gross margin = Ending selling price - mfg cost - interco freight and duty - 1.7% Global VOH at end selling priceFor example: DG sold 887123400 to Mx Inc at $1000, and MX Inc sold it to IBM

16、 at $1500. Mx Inc frt & duty is 2%,DG mfg cost is $800.So, LGM for the part is :1500-800-1000*2%-1500*1.7%=654.50LGM%=654.50/1500=43.63%23Molex Accounting Terms & Definitions - LGM & GP & Pretax24Molex Accounting Terms & DefinitionsDL productivity : Net Revenue Material cost Direct labor + Ext MfgPe

17、ople productivity : Net Revenue Material cost Total people cost*+ Ext Mfg*People cost consisting of salaries, wages, allowance, addl mth salary, bonus, benefits; training, seminar, and other miscellaneous.25Section four : Product costingBOMUsage of materialPdt Development/OperationsIERoutingOutput,

18、efficiencyPdt DevelopmentOperationsIEProduct costPurchase price for MaterialPurchasingActivity price Dollar per hour atMachine and laborVOH/PM=Expense/output hourMachine depn=Depn/Available hourFinance26 Product costingIn SAP, there are two type of product cost : CVST : Std.cost, update on May and Nov every year. CVCC: Current cost, base on the latest purchase price and BOM/Routing. Monthly update.27Section five : - COPA and LGM reportCOPA