What is the process of accounting for manufacturing expenses for a business

There are three stages of engineering construction projects in the construction industry: preparation period, construction period, and settlement period. How does the construction industry do accounts?

1. Construction costs include direct costs and indirect costs. Direct cost items include: 1) labor costs, 2) material costs, 3) machinery usage costs, and 4) other direct costs.

When the direct cost is incurred, it is directly included in the detailed account of "project construction - contract cost"; When the overhead costs are incurred, they are included in the "construction - overhead", and the allocation at the end of the period is transferred to the "construction - contract costs". 2. The construction enterprise shall settle the project price with the construction unit according to the provisions of the contract, and shall submit the "project price settlement bill" to the construction unit, also known as the "mid-term payment application form". After the audit of the supervising engineer and the approval of the construction unit, the accountant of the construction enterprise shall prepare the accounting voucher with the approved "project price settlement bill" as the original voucher

1. The consumption of machine materials in the production workshop shall be debited to this account and credited to the account of "raw materials".

2. The wages and other employee remuneration of the management personnel of the production workshop shall be debited to this account and credited to the account of "employee remuneration payable".

3. The depreciation of fixed assets accrued in the production workshop shall be debited to this account and credited to the "accumulated depreciation" account.

4. The office expenses, water and electricity bills paid by the production workshop shall be debited to this account and credited to the account of "bank deposit".

5. In the event of seasonal shutdown losses, this account will be debited and "raw materials", "employee remuneration payable", "bank deposits" and other accounts will be credited.

6. The allocation of manufacturing expenses shall be included in the relevant cost accounting objects, and the "production cost (basic production cost, auxiliary production cost)" and "labor cost" account shall be debited and credited to this account.

7. The difference between the actual number of manufacturing expenses of seasonal production enterprises and the number of distributions throughout the year, except for those that can be reserved for distribution in the next year in preparation for the start of production in the next year, the difference between the actual amount of the remaining part and the amount of distribution shall be debited to the account of "production cost - basic production cost" and credited to this account; If the actual amount is less than the difference between the allocated amount, the opposite accounting entry shall be made.

Note: The new standard stipulates that the maintenance costs of fixed assets in the workshop are not capitalized and included in manufacturing expenses, but in management expenses; Major repair costs, including fixed assets, are not included in the current profit or loss if they are not included in the withholding expenses or long-term amortized expenses.

1. When manufacturing costs are incurred, borrow: manufacturing costs.

Credit: bank deposits, etc.

2. At the end of the month, the manufacturing cost will be allocated to the cost of each product, that is, the manufacturing cost will be carried forward to the production cost, and there will be no balance of the manufacturing cost after the carryover.

Borrow: Production cost - product A.

Production cost - product B.

Credit: Manufacturing expenses.

The distribution and carry-forward you mentioned are the same thing, the distribution is for the borrower, and it should be allocated to the products according to a certain standard, and the carry-forward is for the lender, and the manufacturing cost should be leveled. In fact, it is the same entry for one loan and one loan.

Production enterprise cost accounting table (industrial product cost accounting (direct calculation and step-by-step method, manufacturing expense allocation) + production, sales, inventory report + sales gross profit calculation table + period expense report + profit and loss statement (profit calculation statement), (from the manufacturing expense accounting and distribution, to the auxiliary production workshop, product production workshop cost collection accounting, to the cost of sales carryover, production, sales and inventory report formation, product sales gross profit calculation, to product sales expenses, management expenses statistical analysis and summary, and finally form the income statement, Complete the accounting of corporate profits).

Brief description: including the cost accounting table (template) of the production enterprise, which illustrates the collection and distribution of the production expenses of industrial enterprises, as well as the cost accounting method of each production workshop (the production workshop is divided into auxiliary workshops and product workshops, and the products produced in each workshop are divided into levels, that is, the accounting of product costs is carried out step by step according to the production process), including the workshop cost calculation table (multiple workshops) and the manufacturing cost statistics table; At the same time, on the basis of the production cost accounting of various products, the production, sales and inventory statements (including the carry-over and weighted average of the cost of product sales) are issued, and the gross profit calculation table of sales of various products is further extended; In addition, the income statement is directly obtained by calculating the expenses during the month (issuing a statistical statement of management expenses, a statistical statement of sales expenses) and other individual income statement items, and linking the formula.

The cost accounting of the processing and manufacturing industry is similar, and this template can be modified and applied.

The bookkeeping process of cost accounting is as follows:

1. The material cost accounting accounting accounts for the material collection of each department this month, makes documents, and calculates the material consumption cost of the month. 2. The workshop statistician shall report the statistical tables such as completed working hours**, completed working hours output, and consumption standards.

3. The general ledger accountant reports the expenses of various departments of Yanhong on a daily basis, and provides various expenses incurred by various production departments.

4. The fixed administrator provides the changes of the month, and the general ledger accountant makes the depreciation and provides the manufacturing expense-depreciation expense.

5. The payroll accounting shall make the payroll accrual for this month, and provide the direct labor and indirect labor costs of each production department.

6. Cost accounting accounting calculates the cost of semi-finished products by taking the raw material consumption data of each department in the current month from the cost management module and other cost information.

7. Material cost accounting is used in the inventory accounting module for the cost allocation of finished products, and the processing cost of semi-finished products in the semi-finished product warehouse is read.

8. Material cost accounting accounting is carried out in the inventory accounting module for document accounting (mainly the warehousing and outbound costs of semi-finished products in the warehouse of semi-finished products in the warehouse of semi-finished products that are half of the jujube missing products).

9. Carry out the end-of-term processing and document preparation of the semi-finished product warehouse.

10. Cost accounting accounting calculates the cost of finished products from the cost management module by recounting the raw material consumption data of each department in the current month and other cost information.

11. Material cost accounting is allocated to the cost of finished products in the inventory accounting module, and the processing cost of finished products in the finished product warehouse is read to carry forward the cost of sales.

The manufacturing cost accounting process is as follows:

Clause. 1. Collect the bill of materials, the warehousing list, and interface with the warehouse material accountant or custodian warehouse bookkeeper, and do a good job of coordination; Clause.

2. Determine the most suitable material cost calculation method for your company: Xinda first-in-first-out, last-in-first-out, weighted average, etc.;

Clause. 3. Establish a detailed account of materials and determine the product classification; Clause.

Fourth, at the end of the month, according to the issued materials, the purchase of materials, summarize the total, and the warehouse materials accounting check; Clause.

5. Determine the unit cost and balance cost according to the calculation method; Clause.

Sixth, at the end of the period, make a simple material budget, cost comparison, purchase and sales price difference analysis, and control production costs.

1. The accounting entries for the accrual of wages are as follows: debit: production costs, manufacturing expenses; Credit: Employee Remuneration Payable – Wages.

2. The accounting entries for water and electricity expenses and machine material consumption are as follows: borrow: manufacturing expenses; Credit: Cash, Bank Deposits, Accounts Payable.

3. At the end of the month, the accounting entries of the completed warehousing products carried forward by Xiaotan pants: borrow: inventory goods; Credit: Production costs.

4. At the end of the month, carry forward the accounting entries for the cost of goods sold in this month: debit: cost of main business; Credit: Inventory of goods.

Manufacturing accounting process: cost calculation needs to be based on the material management status of the enterprise, set up the key points to obtain the data required to calculate the cost, such as the measurement of material consumption, the consumption of labor costs, the consumption of manufacturing costs, the number of production products statistics, production man-hour statistics, etc., general cost accounting includes the collection of costs and expenses, and the allocation of costs.

Manufacturing expenses are the indirect costs incurred by enterprises in the production of products and the provision of services. The water and electricity costs, depreciation of fixed assets, and management salaries incurred in the production workshop are all manufacturing expenses. How should manufacturing expenses be accounted for?

How to account for the manufacturing expenses of the enterprise?

If it is indirect consumption that occurs in the production workshop of the enterprise.

Borrow: manufacturing costs.

Credit: raw materials.

If it is an enterprise production workshop, the depreciation of solid and high distressed assets is accrued.

Borrow: manufacturing costs.

Credit: Accumulated depreciation.

If it is the office expenses, repair costs, water and electricity expenses incurred in the production workshop of the enterprise.

Borrow: manufacturing costs.

Loan infiltration: bank deposits.

If it is the employee salary of the enterprise workshop manager.

Borrow: manufacturing costs.

Credit: Employee Compensation Payable.

If it is due to seasonal shutdowns, the loss to the business:

Borrow: manufacturing costs.

Credit: raw materials.

Employee compensation payable.

Bank deposits. At the end of the month, manufacturing expenses are prorated and included in the cost of the relevant product.

Borrow: Production cost - basic production cost.

Production cost – auxiliary production cost.

Credit: Manufacturing expenses.

What type of account does manufacturing expense fall into?

The Manufacturing Expense account is a cost expense account. The debit side registers and collects the manufacturing expenses incurred, and the credit side reflects the allocation of manufacturing expenses, and there is no balance at the end of the month.

If the manufacturer accounts for various manufacturing expenses through the manufacturing expense account, it shall use the relevant cost allocation table and vouchers as the basis for registering the "manufacturing expense" account and the sub-ledger to which it belongs.

Do manufacturing expenses affect operating profit?

Manufacturing expenses do not have an impact on operating profits.

Because according to the definition of manufacturing expenses. Manufacturing expenses are the indirect costs incurred by enterprises in the production of products and the provision of services.

Manufacturing costs cannot be directly determined with a certain product produced by the enterprise. The manufacturing cost is allocated to the cost of each product according to a certain proportion.

The specific operation is that the manufacturing expenses at the end of the month are all carried forward to the production costs. When the product is completed and put into storage and can be externally sold, the production cost is carried over to the inventory goods. When the inventory is sold, it is carried forward to the cost of the main business.

In the process of producing products, the personnel wages, office expenses, depreciation of fixed assets, etc., all belong to manufacturing expenses. When accountants calculate manufacturing expenses, they should be included in the corresponding accounting accounts for treatment in different situations.

How to account for manufacturing expenses?

1. The consumption of machine materials in the production workshop should be debited to this account and credited to the "raw materials" and other accounts;

2. The wages of management personnel and other employee remuneration incurred in the production workshop shall be debited to this account and credited to the account of "employee remuneration payable";

3. The depreciation of fixed assets accrued in the production workshop shall be debited to this account and credited to the "accumulated depreciation" account;

4. The office expenses, water and electricity bills paid by the production workshop should be debited to this account and credited to the account of "bank deposit";

5. In the event of seasonal shutdown losses, this account shall be debited and credited to the accounts of "raw materials", "employee remuneration payable", "bank deposits" and so on;

6. When the manufacturing expenses are allocated, the banquet shall be included in the relevant cost accounting objects, and the accounts of "production costs (basic production costs, auxiliary production costs)" and "labor costs" shall be debited and credited to this account;

7. The difference between the actual amount of manufacturing expenses and the allocated amount of the annual manufacturing expenses of seasonal production enterprises, except for those that can be reserved for distribution in the next year in preparation for the start of production in the next year, the difference between the actual amount of the remaining part and the amount allocated shall be debited to the account of "production cost - basic production cost" and credited to this account; If the actual amount incurred is less than the difference between the allocated amount, the opposite accounting entry is made.

Manufacturing expense carry-forward accounting entries.

1. Manufacturing costs are incurred.

Borrow: manufacturing costs.

Credit: raw materials, etc.

2. Carry forward manufacturing costs.

Borrow: production costs.

Credit: Manufacturing expenses.

What account does manufacturing expense belong to?

Manufacturing expenses refer to all kinds of indirect expenses incurred by enterprises for the production of products and the provision of labor services, which belong to the cost of accounts, mainly including water and electricity expenses incurred by the production department of the enterprise, amortization of intangible assets, depreciation of fixed assets, employee remuneration of management personnel, labor protection expenses, etc.

The debit side of the manufacturing expenses is registered and collected, and the credit side reflects the allocation of the manufacturing expenses, and there is no balance at the end of the month.

The manufacturing cost allocation method includes: the proportional distribution method of production working hours, the proportional distribution method of production workers' wages, and the proportional distribution method of machine working hours.

Manufacturing expenses are the costs incurred by enterprises for the production of products and the provision of labor services, the production workshop consumes machine materials, pays the wages of workshop management personnel, etc. should be accounted for through the manufacturing expense account, for the manufacturing expenses incurred, how to do the specific accounting treatment?

Accounting entries for manufacturing expenses.

1. The consumption of machine materials in the production workshop.

Borrow: manufacturing costs.

Credit: raw materials.

2. The wages of the management personnel of the production workshop.

Borrow: manufacturing costs.

Credit: Employee Compensation Payable.

3. Depreciation of fixed assets accrued in the production workshop.

Borrow: manufacturing costs.

Credit: Accumulated depreciation.

4. Office expenses, water and electricity bills paid by the production workshop, etc.

Borrow: manufacturing costs.

Credit: Bank deposits.

5. Seasonal downtime losses occur.

Borrow: manufacturing costs.

Credit: Raw Materials Employee Compensation Payable Bank Deposits.

6. The allocation of manufacturing expenses is included in the relevant cost accounting objects.

Borrow: production cost - basic production cost auxiliary production cost.

Credit: Manufacturing expenses.

7. The difference between the actual number of manufacturing expenses of seasonal production enterprises and the number of distributions throughout the year, except for those that can be reserved for distribution in the next year in preparation for the start of production in the next year, the difference between the actual occurrence of the remaining parts is greater than the distribution amount.

Borrow: Production cost - basic production cost.

Credit: Manufacturing expenses.

If the actual amount is less than the difference between the allocated amount, the opposite accounting entry shall be made.

What is Raw Materials?

Raw materials refer to all kinds of raw materials, main materials and purchased semi-finished products that change their form or properties and constitute the main entity of the product in the process of production, as well as auxiliary materials that do not constitute the product entity but contribute to the formation of the product. Raw materials include raw materials and main materials, auxiliary materials, purchased semi-finished products (purchased parts), repair spare parts (spare parts), packaging materials, fuel, etc.

The daily receipt and delivery and balance of raw materials can be based on actual costing or planned costing.