226 COMPLETION OF PRODUCTION COSTS ACCOUNTING AND PRODUCT PRICE CALCULATION AT BINH MINH GARMENT JOINT STOCK COMPANY

The reason for choosing the topic

Under effective leadership, our country has embraced independence and developed a market economy with macroeconomic regulation, leading to significant progress toward industrialization and modernization In the wake of the Covid-19 pandemic, businesses must prioritize profitability to ensure their survival and growth It is crucial for business managers to accurately assess costs and profits, focusing on production and product cost factors Effective cost management, supported by detailed accounting, enables timely decision-making and helps determine optimal selling prices and production structures This strategic approach allows businesses to evaluate whether to expand or reduce production capacity efficiently.

Accurate cost documentation is essential for effective accounting within an enterprise, as it enhances internal economic management and facilitates the rational use of financial information This approach creates economic leverage, boosts labor productivity, and ultimately reduces product costs Therefore, precise calculation of production and product costs is crucial for manufacturing enterprises, ensuring that accounting practices are both correct and comprehensive.

Understanding the significance of effective cost management, I have leveraged the knowledge gained from my studies at the Academy of Finance to investigate the current practices of accounting and product cost calculation at Binh Minh Garment Joint Stock Company This research has led me to select the topic "Improving Production Cost Accounting and Product Cost Calculation at Binh Minh Garment Joint Stock Company" as a focal point for enhancing operational efficiency and financial accuracy.

Company " at Binh Minh Garment Joint Stock Company as key graduation thesis.

I would like to express my heartfelt gratitude to the finance and accounting team at Binh Minh Garment Joint Stock Company, as well as to Dr Bui Thi Hang for her dedicated guidance and support, which were instrumental in the successful completion of my thesis.

The research objectives of the topic

This article aims to enhance understanding of accounting practices by focusing on the practical study of production cost accounting and product cost calculation at Binh Minh Garment Joint Stock Company It also offers recommendations to improve the efficiency and accuracy of these accounting processes within the organization.

Research method

- Inheriting existing documents on research problem.

- Investigating and collecting data through the company's accounting books.

- Expert method: exchange, consult with people who have experience in research issues.

Scope of the study

Scope of space: Production cost accounting and product price calculation at Binh Minh Garment Joint Stock Company.

Time scope: study accounting documents and documents and about financial statements 2018-2020.

Structure of topic

In addition to the introduction and conclusion of the content of your thesis, there are 03 chapters:

- Chapter I: Basic theory of production cost accounting and product cost calculation in manufacturing enterprises.

- Chapter II: Accounting status of production cost and cost calculation at Binh Minh Garment Joint Stock Company.

- Chapter III: Solutions to perfect the accounting of production costs and product cost calculation at Binh Minh Garment Joint Stock Company.

Due to limited practice time and experience, my dissertation is essential for my academic growth I am eager for the support of the instructors and accounting staff at Binh Minh Garment Joint Stock Company to enhance my research topic This collaboration will deepen my understanding of accounting, particularly in relation to total production costs and product costs.

The concept of production cost and product cost

1.1.1 The concept of production costs:

The evolution of human society is intricately linked to the production process, which encompasses the movement and consumption of essential factors involved in manufacturing Consequently, the establishment of production costs, crucial for determining the value of goods, is a fundamental aspect that transcends individual preferences While perceptions of costs may vary in perspective and representation, they universally acknowledge that production costs reflect the monetary expression of the total expenditure of labor and resources essential for business operations within the production cycle.

- The concept of product cost:

Price is the production cost calculated for a volume or unit of product, labor or service, produced or provided by the enterprise in a period.

In the production process of an enterprise, production costs are incurred while generating finished products, services, and labor It is essential to price these finished products accurately, as the product cost encompasses only the expenses directly or indirectly related to production, excluding costs associated with the overall business cycle of the enterprise.

Inaccurate subjective calculations that fail to consider value factors in cost can disrupt the commodity-currency relationship, hinder business efficiency, and obstruct both simple and extended reproduction processes.

1.1.2 The relationship between production cost and product cost:

Production cost and product cost are distinct yet interconnected concepts within the production and business process While both represent the monetary values of labor and materials, they differ in quantity Production costs are confined to a specific timeframe and apply to all products, whether finished or unfinished Conversely, product cost is influenced by the total production cost associated with a particular level of completion.

The production process is characterized as a continuous operation, while the costs associated with products are assessed cyclically, allowing for effective comparison of expenses against the volume of completed products and services.

During cost calculation, it's essential to consider the volume of unfinished products, known as work in progress, which carries associated costs At the start of a new period, there may be unfinished products from the previous period that do not yet have allocated costs, referred to as beginning work in progress Consequently, the total cost of finished products for the current period encompasses both the production costs carried over from the previous period and a portion of the production costs incurred during the current period.

Z - Total cost of finished product

Dđk - Work in progress at the beginning of the period

PS - Production costs of products incurred in the period Dck - Ending work in progress

The price of a product is subjective and influenced by various factors, including the methods used to calculate costs and the financial management regulations in place Production costs for a given period encompass prepaid expenses that have not yet been amortized, as well as expenses from the previous period that are due but do not include prepaid costs from the prior period or other expenses that are payable but not yet incurred In contrast, product costs are strictly associated with accrued expenses within the period and prepaid expenses that are amortized during that same timeframe.

1.1.3 The role and role of production cost accounting and product cost calculation:

In economic management, accounting stands out as the most crucial tool, particularly in the realms of production cost accounting and product cost calculation It delivers essential insights into production and product costs, enabling managers to assess cost norms and estimates effectively This information aids in analyzing asset, material, capital, and labor utilization, as well as performance regarding product cost planning Ultimately, it supports informed decision-making aimed at reducing costs and enhancing product competitiveness in the market.

To meet the requirements of managing production costs and cost of accounting products, it is necessary to perform the following key tasks:

Understanding the significance of cost accounting and product cost calculation is essential within an enterprise's overall accounting framework It is crucial to acknowledge how these elements interconnect with other accounting departments, ensuring a cohesive financial management system.

Selecting the appropriate production cost accounting methods requires a thorough understanding of the characteristics of production and business organization, production technology processes, types of production, and product features This approach ensures that enterprises can accurately identify the right objects for cost gathering, aligning with specific management requirements and establishing a solid foundation for effective price calculation.

- On the basis of the relationship between the production cost accounting object and the identified price calculation object, to organize the appropriate and scientific application of the costing method.

Organize the accounting apparatus in a scientific and reasonable manner on the basis of clearly assigning the responsibilities of each employee, each related accounting department.

Organizing documents and establishing initial accounting practices are essential for maintaining a comprehensive system of accounts This involves adhering to accounting principles and standards to ensure effective information acquisition, processing, and systematization, particularly concerning the costs and expenses of the business.

Efficiently organize the preparation and analysis of cost and product price reports to provide essential information that empowers business managers to make swift and informed decisions, aligning with the production process and product demand.

Organizing production cost accounting and calculating product prices are essential for any manufacturing business This practice is crucial for ensuring that companies can effectively operate and succeed in today's competitive market economy.

Production cost classification and product cost

Production and business costs encompass various types and items that differ in content, properties, uses, and roles To enhance management and accounting efficiency, it is essential to categorize and classify these production costs effectively.

Production cost classification is the arrangement of production costs into each category, each different group according to certain characteristics.

Various cost classifications serve distinct purposes and complement one another, with several commonly used categories outlined below.

The cost of raw materials encompasses the total value of all essential components required for production and business operations, including primary materials, auxiliary materials, spare parts, and tools, while excluding the value of used materials that are not fully stored and any recovered scrap.

Fuel costs play a crucial role in the production and business processes, influencing various factors that drive operational efficiency It is essential to consider the amount of fuel consumed, excluding any surplus that is re-imported to the warehouse or recovered as scrap Understanding these dynamics can help businesses optimize their fuel usage and improve overall profitability.

+ Salary costs and allowances: reflect the total salary and salary-related allowances payable to all workers and employees.

The cost components of social insurance, health insurance, trade union fees, and unemployment insurance are calculated based on the prescribed rates applied to the total salary and allowances paid to employees.

Fixed asset depreciation costs encompass the total depreciation of all fixed assets utilized in production and business activities during a specific period This figure is essential for accurately reflecting the financial impact of asset usage and ensuring proper deductions in financial reporting.

+ The cost factor for services purchased from outside: Reflecting the entire cost of services purchased from outside for use in production and business.

+ Other cost factors in cash: Reflecting all other expenses in cash not reflected in the above factors used in production and business activities in the period.

This classification provides insights into the costs associated with production and business processes, detailing how each cost contributes to the total expenditure Additionally, it serves to consolidate factor costs, which aids in formulating cost estimates for upcoming periods and assists in planning for labor, materials, and capital requirements.

- Classified by cost items in product cost:

According to current regulations, product prices in Vietnam include 5 main items:

+ Direct raw material costs: Reflecting all costs of raw materials, main materials, auxiliary materials, fuel participating directly in the production, manufacture of products or performing services or services service.

+ Direct labor cost: including salary, salary allowances and deductions for social insurance funds, health insurance, trade union funds in proportion to salaries incurred.

+ General production costs: are costs incurred within the workshop (minus direct labor and materials costs).

+ Selling expenses: Including all expenses incurred related to the sale of products, goods and labor.

+ Administration expenses: Including costs incurred related to business administration and administrative management in enterprises.

This classification serves as the foundation for organizing production costs by specific charge items It is essential for evaluating the adherence to cost standards, as well as monitoring the execution of pricing strategies and cost reduction initiatives.

To fulfill management, cost accounting, and planning needs, as well as to establish commodity prices, various perspectives and calculation methods are applied to pricing Below are several classifications of prices.

- According to the time of calculation and the source of data to calculate the price:

The planned cost is established prior to commencing business operations, relying on the actual costs from the previous period along with the norms and cost estimates relevant to the current planning phase.

The rated cost, similar to the planned cost, is established prior to the commencement of product production However, while planned costs remain fixed based on projected averages throughout the planning period, rated costs are influenced by current cost norms Typically assessed at the beginning of each month, the rated cost adjusts in response to fluctuations in production costs, ensuring it reflects the most up-to-date financial conditions.

+ Actual cost: Actual price is an indicator determined after the end of the product manufacturing process on the basis of costs incurred in the production of the product.

This classification is effective in managing and monitoring costs, identifying the causes of excess or deficit in the accounting period From there, adjust the plan or cost level accordingly.

- According to the scope of costs incurred:

Production cost, also known as factory cost, is a crucial metric that encompasses all expenses associated with the manufacturing of products within a workshop or production department This includes direct materials, direct labor, and general production costs, providing a comprehensive overview of the financial resources required for production.

Consumption cost, also known as total cost, is a key indicator that encompasses all expenses associated with the production and sale of products This includes production costs, management costs, and selling costs The calculation of consumption cost is essential for understanding the overall financial performance of a business.

The total cost of the product consumed

Production cost of the product

Management + Cost of consuming SP

Objects and methods of production cost accounting and product cost calculation

1.3.1 Production cost accounting object and method:

Determining the production cost accounting object involves identifying where costs are incurred and allocated, which is essential for selecting the appropriate cost accounting method This process ensures accurate tracking and management of production expenses.

- The entire production technology process of the enterprise.

- Each stage, separate technological process, each workshop, production team or team Each group of products of the same type, each item, each product, each part.

- Each project, work item, workshop, production team.

Production cost accounting method is a method or system of methods used to collect and classify production costs within the limit of the cost accounting object.

Each production cost accounting object adapts to a cost accounting method, so there are many different cost accounting methods (direct method, proportional method, by-product value elimination method , conjugate method….)

Usually, businesses use the following two main methods:

- Direct cost accounting method: (also known as simple method)

According to this method, expenses directly related to each object will be recorded directly to that object.

The direct recording method necessitates meticulous organization of initial accounting and identifies the appropriate subject to incur costs This approach guarantees precise cost collection for each object, enabling management accountants to accurately calculate the costs associated with each product and service type, while also improving the oversight of expenses based on specific subjects.

However, this method is applied in enterprises with simple production type, small quantity of products, large volume production and short production cycle….

This method emphasizes that production costs associated with various accounting objects often lack the ability to maintain separate initial records for each item Therefore, it is essential to select appropriate allocation criteria to distribute these production costs effectively among the relevant subjects The accuracy of this method significantly relies on the chosen allocation criteria.

Applying this method must follow the following two steps:

Step 1 : Determine the distribution coefficient by criteria:

In which: - H is the distribution coefficient.

- C is the total cost to be allocated.

- T total of the allocation criteria units of the subjects subject to the CPSX allocation.

Step 2 : Calculate the number to determine the cost to be allocated to each expense object according to the formula:

In which: - Ci is the cost allocated to the ith object.

- Ti is the number of standard allocation units of the ith object.

1.3.2 Object and method of product cost calculation:

Objects for calculating product prices:

Calculating product costs involves determining the total and unit costs associated with various types of products, jobs, or services produced or performed by a business during a specific period.

Bases for determining product costing subjects:

- Characteristics, organizational structure and production of products.

- Product production features and technological process.

- Request management and provide information in the business.

- Using the finished product or half-finished product characteristics of the unit.

- The ability and qualifications of economic staff in general and accounting staff in particular.

The cost calculation period refers to the timeframe required to aggregate production costs for determining the total and unit costs of completed products Typically, this period aligns with accounting reporting intervals, which can be monthly, quarterly, or annually.

The price calculation unit is a standard measure recognized within the national economy and widely utilized in business practices It is essential for the actual price calculation unit to align with the unit specified in the enterprise's product pricing strategy.

Price calculation method is a method or system of methods used to calculate the cost of a product unit.

Due to the different characteristics of production organization and technological process of each type of enterprise, there are many different costing methods.

- Conditions to apply: This method is applied in an enterprise that produces only a few items with large volume, short production cycle, unfinished products with or without significant

Under this method the cost of a product is calculated by:

Total cost of finished products Value of work in progress at the beginning of the period

Expenses incurred in the period

Value of work in progress at the end of the period

Unit cost of product = Actual total cost

- Advantages: short calculation, does not require high level.

* Price calculation method excluding costs of manufacturing byproducts:

- Conditions of application: This method applies to enterprises with production technology processes that produce both main and byproducts as a result of production.

+ The object of production cost accounting is the entire production technology process The object of cost calculation is the completed main product of the technological process.

To accurately determine the cost of a product, it is essential to exclude the production costs associated with any by-products from the total production expenses of the entire technological process Typically, the portion of production costs attributed to the main product is based on planned costs, which can be derived by subtracting net profit and taxes from the selling price.

After the production cost of the byproduct is calculated, the total cost of the main product is calculated as follows:

Total cost of main product = CPSXDD đầu kỳ + CPPS trong kỳ - CPSXDD cuối kỳ - CPSX sản phẩm phụ

The production cost of the byproduct is determined by calculating each item's cost separately This is achieved by multiplying the proportion of the byproduct's production cost within the overall production expenses by the relevant item.

Proportion of production costs of byproducts = The cost of manufacturing byproducts

To simplify and reduce computational volume, production costs of byproducts can be subtracted from direct raw material costs.

This method applies when identical production processes utilize the same materials, labor, machinery, and equipment concurrently Instead of tracking costs for each individual product, expenses must be aggregated and accounted for the entire production process.

+ Production cost accounting object is the entire production technology process or product group The object of price calculation is each separate product.

Accounting utilizes a conversion coefficient to standardize various product types into their original forms This approach allows for the aggregation of total costs associated with the collected products, enabling the accurate calculation of the original product cost and pricing for each individual item.

The original product unit cost = Total production costs of products

Total number of original products converted

Unit price of product i = The original product unit cost * Product conversion coefficient i

Total production costs of products Value of work in progress at the beginning of the period

Total production costs incurred in the period

* Calculate the cost by the ratio method:

This method is applicable when a single production technology yields a variety of products that differ in type, grade, and specifications In such cases, the production costs of these products are not proportionally related and cannot be converted using a common factor.

Production cost accounting focuses on the entire technological process involved in manufacturing products within each product group Meanwhile, the object of price calculation pertains to the specific size specifications of the finished products in that group.

To determine the actual cost distribution rate for each specification within a product group, it is essential to choose appropriate allocation criteria These criteria may include either the planned price or the standard price of the product, which is calculated based on actual output.

Tổng tiêu chuẩn phân bổ Total criteria for allocation

= Actual total output of specified product i * Distribution standards of specification products i

+ The price ratio of each item:

Price ratio (by item) = (Mobile + PS - Dck)

Total criteria for allocation + Actual price of each product specification:

Total cost for each specification = Total criteria for each specification * Price ratio

Actual unit cost specification i = Total actual cost of specification i

How to evaluate work in progress and product cost method

Unfinished products (SPDD) are products that have not finished their processing phase, and are still in the production process.

To effectively calculate product prices, enterprises must assess their inventory and evaluate their Standard Product Development Data (SPDD) Depending on the specific characteristics of the production organization, the technological processes involved, and the nature of the product, businesses in France can utilize various methods One such method is determining the value of work in progress based on the cost of primary raw materials.

Under this method, the entire processing cost is calculated for the finished product Therefore, in work in progress only includes the main material value.

The main material value is in SPDD

Number of SPDD at the end of the period

The entire value of the main materials exported

Number of TP + Number of SPDD b Determine the SPDD value according to the estimated equivalent output:

To convert SPDD into a finished product, the level of completion and the amount of SPDD must be considered, with conversion criteria typically based on hourly rates or standard salaries This method should exclusively apply to the calculation of processing costs, while the cost of raw materials should be determined based on the actual quantity used to ensure accurate assessments.

The main material value is in SPDD Number of SPDD at the end of the period

All key raw material values have been exported

Number of TP + Number of SPDD (not converted)

Processing cost is in SPDD (by type)

Number of SPDD at the end of the period

Total processing cost for each type

Number of TP + Number of SPDD converted to finished products c Value of work in progress by 50% of processing cost:

Accountants frequently utilize a method that simplifies calculations for products with low processing costs relative to total expenses This approach is essentially a variant of the yield-equivalent estimation method, which presumes that the Standard Product Development Duration (SPDD) is achieved at 50% completion of the finished product.

The SPDD value is calculated as the sum of the work in progress value and 50% of the processing costs To determine the SPDD value accurately, it is essential to consider either the direct raw material costs or the direct costs associated with the materials used.

This method calculates the value of work in progress by considering only direct costs, such as raw materials and labor, while excluding any additional expenses To establish the SPDD value, it is essential to refer to the established norms or planned costs.

Based on the consumption norm (or planned cost) for the stages, steps,work in the product manufacturing process to determine the value of work in progress.

1.4 2 Method of calculating product cost.

Price calculation method is a method or system of methods used to calculate the cost of a product unit.

Due to the different characteristics of production organization and technological process of each type of enterprise, there are many different costing methods. a Simple cost method (also called direct method).

- Conditions to apply: This method is applied in an enterprise that produces only a few items with large volume, short production cycle, unfinished products with or without significant

Under this method the cost of a product is calculated by:

Total cost of finished products Value of work in progress at the beginning of the period

Expenses incurred in the period

Unit cost of product = Actual total cost

- Advantages: short calculation, does not require high level. b Price calculation method according to orders.

- Conditions to apply: apply in enterprises producing single products or small batches according to customer orders, specializing in processing orders are pre- ordered by customers.

For businesses that produce goods based on customer orders, accountants meticulously gather production costs for each specific order This process remains consistent regardless of the order size or the complexity of the manufacturing process involved.

Direct costs, such as raw materials and direct labor associated with a specific order, should be accurately recorded based on original documentation or additional cost distribution tables In contrast, general production costs are allocated to each application after assembly is completed, following established standards like production hours and direct labor costs.

In certain businesses, price calculations occur only after order completion, leading to discrepancies between the cost calculation period and the reporting period Costs associated with orders that remain incomplete by the end of the reporting cycle are classified as work in progress until the next cycle concludes Conversely, for completed orders, the total aggregated cost represents the final cost of the finished product.

The total actual cost of the order Work in progress at the beginning of the period

+ Production costs incurred in the period

Unit cost of product = The total actual cost of the order

Number of completed products of the order

+ Advantages: The job is simple to calculate the cost price, not having to take into account unfinished production costs

One significant disadvantage of the current system is the numerous tables required to manage orders, as each order can consist of multiple production parts This complexity can make it challenging to accurately calculate costs, particularly if the process is prolonged To address this issue, implementing a coefficient price calculation method may provide a more efficient solution.

This method is applicable when identical technological production processes utilize the same materials, labor, machinery, and equipment simultaneously Instead of tracking costs for each individual product, expenses must be accounted for collectively across the entire production process.

+ Production cost accounting object is the entire production technology process or product group The object of price calculation is each separate product.

Accounting utilizes conversion coefficients to standardize various product types to their original forms This approach allows for the aggregation of total costs associated with the collected products, enabling accurate calculations of both the original product cost and the pricing for each individual product.

The original product unit cost = Total production costs of products

Total number of original products converted

Unit price of product i = The original product unit cost *

Total production costs of products Value of work in progress at the beginning of the period

Total production costs incurred in the period

Value of work in progress at the end of the period d Proportional price calculation method.

This method is applicable when a single production technology yields a variety of products that differ in type, grade, and specifications In such cases, the production costs of these products are not proportionately related and cannot be converted using a standard factor.

Production cost accounting focuses on the entire technological process involved in manufacturing products within each product group The calculation of prices specifically targets each size specification of the finished products in that group.

To determine the actual cost distribution rate for each specification within a product group, it is essential to select appropriate allocation criteria These criteria may include either the planned price or the norm price of the product, which is calculated based on actual output.

Total criteria for allocation = Actual total output of specified product i * Distribution standards of specification products i

+ The price ratio of each item:

Price ratio (by item) = (Mobile + PS - Dck)

+ Actual price of each product specification:

Total cost for each specification = Total criteria for each specification * Price ratio

Actual unit cost specification i = Total actual cost of specification i

Product output specifications i e Method of excluding byproducts.

- Conditions of application: This method applies to enterprises with production technology processes that produce both main and byproducts as a result of production.

+ The object of production cost accounting is the entire production technology process The object of cost calculation is the completed main product of the technological process.

To determine the actual cost of a product, it is essential to exclude the production costs associated with any by-products from the total production expenses of the entire technological process Typically, the production cost allocated to the primary product is based on planned costs, which can be derived by subtracting net profit and taxes from the selling price.

After the production cost of the byproduct is calculated, the total cost of the main product is calculated as follows:

Total cost of main product CPSXDD at the beginning of the period

CPSXDD at the end of the term

Types of accounting books used

Accounting books are used to gather production costs depending on the accounting form applied by the units.

The form of "Diary - documents" according to TT200 / TT-BTC

Essential accounting books for effective enterprise management include diary-vouchers, lists, ledgers for journal documentation, bank deposit books, and detailed records of materials, tools, products, and goods Additionally, maintaining warehouse cards, payment detail books for buyers and sellers, production and business expense records, and comprehensive account books is crucial Other specific detailed books may also be required based on the unique management needs of the business.

H ình of "Diary General" under the TT200 / TT-BTC

The essential accounting tools include the General Journal, Cash Collection Diary, Payment Diary, Purchase Diary, and Ledger, which collectively facilitate accurate financial tracking Additionally, the Balance Sheet amounts and Cash Book Money are crucial for maintaining financial clarity Comprehensive records of materials, tools, products, and goods, along with detailed summaries and stock cards, ensure effective inventory management and oversight.

The form of " Journal- ledger" according to TT200 / TT-BTC

Essential accounting records include the journal-ledger, cash book, detailed logs of materials, tools, products, and goods, as well as comprehensive summaries of these items Additionally, maintaining a warehouse card and a record book for fixed assets and tools is crucial for effective inventory management.

The form of "entry voucher " according to TT200 / TT-BTC

The essential books utilized in financial record-keeping include recording vouchers, a book entry voucher registration book, and a ledger, which collectively facilitate accurate accounting Additionally, detailed books for materials, tools, products, and goods, along with a comprehensive summary of these items, play a crucial role in maintaining organized and transparent financial documentation.

1.6 Presentation of production cost accounting information and product cost on financial statements

- List of raw materials exported from the warehouse

- Table of distribution of salaries and deductions by salary

- A detailed list of materials used for the manufacture

- Table of distribution of PT costs and administrative costs

TK 621 "Cost of raw materials and equipment"

- The actual value of raw materials used for the actual product or service does not end up in stock services in the period

- The transfer or allocation NVL real value used for production during the TK related to pricing of

This account has no ending balance Tài khoản này không có số dư cuối kỳ 1.6.2.1 Account 622 " Researching expenses "

Account 622 "Expenses for information research"

- The cost of direct labor involved in

- Closed the direct labor cost activities dynamic product production, wh ich includes money paid to and pricing of and salary deductions according to regulations

This account has no ending balance

- The amounts recorded as a decrease in costs incurred in the general production period

Production costs are typically fixed, and no allocation was recorded in the cost of goods sold during actual production, resulting in lower productivity levels To accurately reflect the total cost of finished products for the period, it is essential to transfer or allocate production overheads accordingly Notably, this account does not maintain an ending balance.

- The amounts recorded as a decrease in costs incurred in the general p roduction period

- Total Cost Direct Materials, detailed cost - recovered scrap value, the direct labor cost products exported irreparably be

General in the period - Value of raw materials, processed goods re-warehouse

- Actual production cost of the manufactured product but being stored or sent for sale

- Transferring raw material value from account 611 to cost calculation from TK631 ( method of periodic inventory )

Accrued expenses the export of business unfinished book late period

- Production, business and service costs

- Costs of products stored in warehouse or in progress at the beginning of the season, completed and transferred to Account 632

- Production and business costs , translate "Cost of goods" Services actually incurred in the period - Expenses for work in progress at the end of the closing period, transfer to account 154

- Carryover of original cost of raw goods

- Transfer of original cost of goods, raw materials, materials, tools, tools in stock at the beginning of the period of raw materials, materials, tools and supplies

At the end of the period, the original price of goods, raw materials, and supplies in stock, along with the costs of materials, tools, and instruments purchased during the period, must be accounted for This includes the original price of goods and raw materials sold, reflecting the expenses incurred for materials, tools, and instruments utilized during the period, as well as the original price of merchandise sold.

- Original price of raw materials, materials, tools and supplies, purchased goods returned to the seller, or pharmaceutical reduced price

Trị giá NVL xuất dùng SXSP

Phương pháp kiểm kê định kỳ

Kết chuyển chi phí nguyên vật liệu trực tiếp

Vật liệu sử dụng không hết nhập lại kho

Mua vật liệu không nhập kho xuất trực tiếp cho SX

1.6.3.1 Chart cost accounting of raw materials directly to

Chart 1.1: Direct material cost accounting order

1.6.3.1 Chart cost accounting of raw materials directly to

Chart 1.1: Direct material cost accounting order

Tiền lương và phụ cấp lương phải trả cho CN trực tiếp

TK335 Kết chuyển chi phí Trích trước tiền nhân công trực tiếp Lương nghỉ phépcủa

Các khoản BHXH, BHYT, TK 631

BHTN, KPCĐ trích theo lương Kết chuyển chi phí NCTT tính giá thành ( phương

Pháp kiểm kê định kỳ)

Figure 1.3: Production cost accounting sequence

Chi phí tiền lương và các khoản trích theo lương Các khoản giảm trừ chi phí

TK 152,153,611 (như các hoàn nhập lại chi phí

Chi phí vật liệu công cụ trích trước sử dụng không hết)

Trị giá vật liệu dùng phân xưởng TK 154

TK 214 Phân bổ,kết chuyển

Khấu hao TSCĐ thuộc chi phí sản xuất chung

Chi phí phân bổ dần

Chi phí trích trước TK 632

TK 111,112,331 Chi phí SXC cố định không

Chi phí dịch vụ mua ngoài sẽ được tính vào giá thành sản phẩm, cụ thể là bằng tiền khác được tính vào giá vốn hàng bán Điều này xảy ra khi tài khoản 133 có mức sản xuất thực tế thấp hơn mức công suất bình thường.

Kết chuyển và phân bổ chi phí SXC vào chi phí giá thành ( phương pháp kiểm kê định kỳ)

1.6.3.4 Sơ đồ kế toán chi phí sản xuất dở dang

Kết chuyển chi phí nhân công trực tiếp

Kết chuyển giá trị sản phẩm dở dang đầu kỳ

Kết chuyển chi phí sản xuất Phế liệu thu

Tiền bồi thường TK 138 phải thu của sản phẩm hỏng

TK 632 Giá thành sản phẩm hoàn thành

Kết chuyển chi phí NVL Trực tiếp

Các khoản ghi giảm chi phí

TK 627 Giá thành sản TK157

Phân bổ kết chuyển chi phí phẩm lao vụ,dịch Gửi bán sản xuất chung vụ hoàn thành

Kết chuyển giá trị sản phẩm dở dang cuối kỳ của hồi sản phẩm hỏng

Sơ đồ 1.4 : Trình tự hạch toán chi phí sản xuất dở dang

Diagram 1.5: Product cost accounting order ( periodic inventory method ))

General introduction about Binh Minh Garment Joint Stock Company

2.1 General introduction about Binh Minh Garment Joint Stock Company.

2.1.1 The birth and development of Binh Minh Garment Joint Stock Company.

Binh Minh Garment Joint Stock Company has tax code 0301886832-

001 issued on August 31, 2000 , the tax agency is managing: Hoai Duc District Tax Department

The company's head office is located at Thon Den, Commune Di Trach, Hoai Duc District, Hanoi

Binh Minh Garment Joint Stock Company, established in 2008 with a charter capital of 5 billion VND, has experienced significant growth over its 20 years of operation The company has successfully expanded its size and market share, establishing a strong presence in both domestic and international knitwear markets By offering high-quality products at competitive prices and implementing effective marketing strategies, Binh Minh Garment has solidified its position in the industry.

Born and raised in a traditional craft village known for its knitting expertise, the company combines ancestral knowledge with a modern approach to create high-quality knitting products for both the domestic and export markets Despite facing challenges such as increased material costs and fierce foreign competition, the company has successfully established its presence in the garment industry Its experienced management team has driven growth, leading to significant achievements, including the Golden Lotus Award 2018 and the Golden Star Award in the Song Hong Delta, along with numerous other accolades.

Business lines of Binh Minh Garment Joint Stock Company are:

Binh Minh Garment Joint Stock Company has experienced six years of significant growth and development, establishing itself as a prominent player in Vietnam's garment industry.

The company specializes in direct import and export, focusing on manufacturing and supplying high-quality garment products tailored to the needs of both domestic and international customers In recent years, it has gained a strong reputation for delivering prestigious goods, making it a preferred choice among clients in the market.

Currently, the main product of the company is garment products The company specializes in manufacturing clothes, socks, gloves, children's hats, T- shirts, school costumes….

Clothing: T-shirt for men and women, T-shirt for children.

Socks: Men's and women's socks, children's socks

From its establishment in 2004 until 2010, the company exported nearly all of its products to international markets, including the USA, Cuba, Poland, and the Czech Republic As a result, the company prioritized high-quality standards to establish and maintain credibility in the marketplace.

- Maintaining and regularly improving the quality management system.

- Supplying goods of good quality, synchronous: quality standards, designs and designs in accordance with standards of orders.

- Goods and materials have a clear origin, 100% new Having all conditions and legal bases to circulate in the market according to Vietnamese and international laws.

* Characteristics of products : is complicated because the company always produces products according to orders Each order is a different style, size, and design.

* Type of production: according to each customer order.

* Characteristics of the product : Type of production, the Company's products are manufactured according to orders, so the products must be at the request of the customer.

* Production time : The company produces to order so the production time of an order is within a certain time allowed that the company signed with the customer.

At the end of each month, the company assesses the value of its unfinished products, which are those still on the production line This evaluation is based on the inventory records of semi-finished and unfinished items from each workshop, allowing for an accurate determination of the products in progress at the end of the period.

At the factory, production costs incurred during a specific period are fully allocated to the final product cost at the end of that term Work in progress is not valued at this point, as all costs are transferred to determine the overall product cost by the conclusion of the period.

Nhập kho Đóng gói Định hình(là)

KCS carry over all production costs in the period to calculate product costs in product cost; work in progress is small and stable.

As a leading garment manufacturing company, we prioritize the advancement of high-tech product designs and the expertise of our sewing workers Our strategic focus on intensive technology investment ensures that we meet product quality and technical requirements while continuously enhancing designs and reducing costs Currently, our factory is equipped with state-of-the-art machinery that accommodates the complexity and diversity of our product offerings.

Flowchart of technological processes for clothing and socks production:

The company specializes in textile production and knitting, emphasizing the importance of interconnected stages in the production process to ensure a steady workflow and high-quality output To stay competitive in the modern scientific economy, it is essential for the company to invest in innovative designs and intricate patterns.

Binh Minh Garment Joint Stock Company features an organizational structure that aligns well with its production technology, where each workshop is designated specific production tasks and maintains a strong interconnection with one another.

PGĐ kinh doanh PGĐ kỹ thuật

Phòng tài chính kế toán

Phòng TC-HC Phòng kỹ thuật Phòng kinh doanh

PX 1 PX2 the inspection and supervision of departments, departments to coordinate closely, achieve high efficiency.

Working in accordance with the functions and duties of each department but departments can coordinate with each other when needed.

The Technical Department plays a crucial role in processing customer orders by modeling products for the production line It establishes standards for raw materials, auxiliary materials, and labor, which are essential for fulfilling orders Additionally, the department determines unit prices for each stage, enabling accurate calculations of production and product costs.

The Deputy Sales Director plays a crucial role in overseeing the planning of production goods based on customer orders This position also involves strategizing the procurement of raw materials to ensure that inventory levels meet the standards established by the technical department for each product.

An accountant plays a crucial role in estimating production costs and determining product pricing This involves analyzing labor standards and raw material norms established by the technical and planning departments to ensure accurate financial assessments.

2.1.5 Results of production and business activities in recent years

The business process of the Company in the last 3 years is shown in the following economic indicators: Đơn vị: Đồng

Through the business results table, it shows that the company's business results have grown well over the 3 years 2018-2020:

In 2019 compared to 2018 increased by VND 10,156,145,410 (up 16.9 %)

In 2020, compared with 2019, increase VND 20,273,047,890 (up 28.8 %) Therefore, profit after tax in 2019 compared to 2018 increased by 3,959,364,179 VND, up 35.5% In 2020, compared with 2019, an increase of 4,032,856,752 is 26.7%.

Binh Minh Garment Joint Stock Company has achieved encouraging results, highlighting the importance of enhancing its competitive position in the market By focusing on brand development, the company aims to drive revenue growth and strengthen its market presence.

2.1.6 Some regimes and policies apply in the company

The Company has applied the Vietnamese accounting system issued under the Circular No 200/2014 / TT-BTC dated November 22, 2020 of the Ministry of Finance.

- Accounting year: from 01/01 to 31/11 every year.

- Currency used in accounting: Vietnam dong (VND)

- Principles of converting other currencies into Vietnam dong: According to the average inter-bank exchange rate at the time the arising economic operations are made for recording.

- Applied accounting form: Voucher recording

- Cost of inventories is determined by the weighted average method on a monthly basis.

Inventories are recorded according to the regular declaration method.

- Prepaid expenses are amortized into production and business expenses on a straight-line basis.

Accrued expenses that have not yet occurred are included in production and business costs for the period, ensuring alignment between revenue and costs When these expenses materialize, any discrepancies with the previously deducted amounts must be recorded by the accountant, who will adjust the costs accordingly to reflect the difference.

- Sales of goods are recognized when the majority of risks and rewards associated with ownership of products or goods have been transferred to the buyer.

Current status of accounting work of production cost and product cost

2.2.1 The process of accounting professional accounting gathers production costs and product costs at Binh Minh Garment Joint Stock Company

Sơ đồ 2.4 Sơ đồ quy trình hạch toán

Ghi chú: Đối chiếu, kiểm tra

Ghi cuối tháng, hoặc định kỳ

Record at the end of the month, or periodically Record daily

2.2.2 The professional accountant gathers production costs and product costs at Binh Minh Garment Joint Stock Company

At Binh Minh Garment Joint Stock Company specializes in manufacturing garment products, but with limited time and reporting regulations, I would like to present a typical product code.

In December, the machine successfully identified all six single-set rows, accurately matching each with the corresponding product code numbers specified in the corporation's application order For example, the order included the product code for pants.

# Z75B0245K0, the number required by the corporation is 8928 units

- The cost of materials directly

Production orders are guided by established norms of conduct, which include specifications such as the quantity of products to be manufactured, consumption levels, and raw material amortization data for each product type The required consumable materials for each product are determined based on pre-established technical-economic norms created by the technical team Utilizing the production order, the department is responsible for preparing the delivery note in accordance with the assigned norms for the factory.

At the factory, materials are received from suppliers and processed through various tasks such as measuring fabric, painting, and cutting according to pre-set design samples The factory prepares delivery bills based on the types and amounts of stitches required for the sewing teams, which corresponds to the raw materials sourced directly from the factory Factory accountants meticulously track these materials in direct raw material cost accounts, detailing each product When economic transactions occur, accountants document them based on original documents, maintaining detailed records At the end of the month, relevant data is synthesized into an account summary sheet to create entry vouchers and update the ledger for related accounts During the export period, only accounting materials are used to monitor data, and at the end of the period, a calculation of the material warehouse is performed to determine the value of production materials utilized.

Operation 1 : On 12/11/2020, based on PXK ballot, delivering NVL to the product manufacturing department including 720 Epic Tex 30 black spools, 1054Epic Tex 30 color spools, 150 Astra 5012 color spools Tex 30 color,150 cuộn chỉAstra 5012 color.

Công ty cổ phần May Bình Minh

Họ tên người nhận: Nguyễn Tấn ThànhNợ: TK 621 Địa chỉ (bộ phận)Có: TK 152

Lý do : xuất dùng sản xuất sản phẩm

Tổng số tiền (viết bằng chữ):Bảy mươi tám triệu hai trăm tám mươi tư nghìn bốn trăm lẻ ba đồng

Số chứng từ gốc kèm theo: …….

T Tên sản phẩm Đơn vị tính

Số lượng Đơn giá Thành tiền

Người lập phiếu Người nhận hàng Thủ kho Kế toán trưởng Giám đốc

(Ký, họ tên) (Ký, họ tên) (Ký, họ tên) (Ký, họ tên) (Ký)

Similarly, we also set up TK 621 detailed books for the remaining product codes Minh họa sản phẩm Quần tây #Z75B0245K0.

Công ty cổ phần May Bình Minh Sổ Chi Tiết Tk 621

Mã sản phẩm: Quần tây #Z75B0245K0

Chứng từ Diễn giải Tk đối ứng

Số phát sinh trong kỳ

12/12 X02/12 Xuất kho Chỉ Epic Tex 30

12/12 X02/12 Xuất kho Chỉ Epic Tex 30 color (4000m)

12/12 X02/12 Xuất kho Chỉ Astra 5012 color (5000m)

12/12 X02/12 Xuất kho Chỉ Astra 4012 # black (5000m)

12/12 X02/12 Xuất kho Chỉ Astra 5012 # black (5000m)

12/12 X02/12 Xuất kho Chỉ Astra 4012 # white (5000m)

12/12 X02/12 Xuất kho Chỉ Astra 6012 color (5000m)

12/12 X02/12 Xuất kho Chỉ Cometa 4012 color

31/11 Kết chuyển chi phí phát sinh

Người lập Kế toán trưởng

Every day, from the PXK product codes in the remaining order, we have a summary of vouchers of the same type

Table 2.1 Summary of documents of the same type

BẢNG TỔNG HỢP CHỨNG TỪ CÙNG LOẠI

Sản phẩm Số lượng hoàn thành

Mã sản phẩm Tên sản phẩm Nợ Có

At the end of the month, based on the list of vouchers of the same type, the accountant records it in the entry voucher

Ngày Trích yếu Tài khoản Số tiền Ghi chú

31/11 Xuất NVL sử dụng trực tiếp sản xuất 6211 1522 312.917.432

Kèm theo … chứng từ gốc

(ký, họ và tên) (Ký, họ và tên)

Tên tài khoản: chi phí NVL trực tiếp

SỔ CÁI Tháng 11 năm 2020 ĐVT: đồng

Kế toán trưởng (Ký, họ và tên)

Giám đốc (Ký, họ và tên)

From accounting vouchers to record in the ledger the related accounts: Ledger of Account 621, Account 152,

Chứng tù Diễn giải TK đối ứng

31/11 Chi phí NVL trực tiếp 1522 312.917.432

31/11 Kết chuyển chi phí NVL trực tiếp

Cộng số dư cuối kỳ

Including salary, meal shift and prescribed deductions

In the first month, every employee receives a consistent performance monitoring panel to track their work daily At the end of the month, teams compile their results for payroll accounting.

Worker wage = total output x unit price of the stage wage

Operation 2: November 2020, the accountant distributes salary, allowances and deductions according to salary regulations

We have a salary distribution table as follows

Table 2.2: Salary distribution table (Unit: VND) BẢNG PHÂN BỔ TIỀN LƯƠNG Tháng 11 năm 2020

Ghi có TK 334 Ghi có TK 338

Phân bổ 23,5% vào giá thành

Lương chính Lương phụ Cơm ca

QLXN 35.301.500 29.431.264 9.483.739 706.030 706.030 9.178.390 1.588.567 12.179.017 74.216.503 3.706.657 17.811.960 Tổng cộng 1.145.446.143 580.498.304 187.056.000 22.908.923 22.908.923 297.815.997 51.545.086 395.178.929 1.913.000.447 120.271.845 459.120.107 or the deductions of health insurance, social insurance, unemployment insurance and non-business insurance, the part that is calculated into the cost price as prescribed by the MOIT is 2 3.5 %, of which, the social insurance calculated according to the grade salary is 2 5.5 %, the health insurance is 4.5% , labor union fee is 2%, unemployment is 2% by food te.Viec appropriated by parts account held at the plant has not appropriated then send levels on approved and sent to the accounting allocation for costing.

Grade wage = basic salary x coefficient corresponding to the worker grade of each worker

New recruits at Level 1 are assigned a coefficient of 1.67 based on 2 years of experience The plant currently employs 6 workers who exhibit similar performance levels, corresponding to a tier system with a coefficient of 1.55.

For the tailor grade, the quantity coefficients are shown in the following table:

After calculating the deductions for each worker, the distribution expenses are allocated back to each product based on the revenue generated from their respective salaries The company collects the revenue after accounting for these allocations, ensuring that only the net cash remains after deducting any expenses.

Revenue delivered = quantity of manufactured products x processing unit price

We have the following formula:

BHTN.KPCĐ của sản phẩm

HTN,KPC Đ phần tính vào Z

Tổng doanh thu tiền lương

Doanh thu tiền lương sản phẩm i

BHTN.KPCĐ 337.007.576 của sản phẩm = x 267.611.613 = 25.298.285

Do the same for other plant product categories for the month

We have the allocation table of social insurance, health insurance, unemployment insurance, and non-business insurance for each product in November 2020 as follows:

Table 2.3: Allocation table of Social Insurance, Health Insurance, Unemployment Insurance, and Occupational Protection

BẢNG PHÂN BỔ BHXH,BHYT,BHTN,KPCĐ

STT Mã Hàng Số lượng Đơn giá Tỷ giá Doanh thu giao Thùng Chỉ Doanh thu tính lương Phân bổ

Every day, account in the detailed book of Account 622 for each product code

622 Công ty cổ phần May Bình Minh Tháng 11 năm

2020 Mã sản phẩm: Quần tây #Z75B0245K0

Chứng từ Diễn giải TK đối ứng

Số phát sinh Số dư

Ngày Số Nợ Có Nợ Có

31/11 Kết chuyển chi phí NCTT

Số dư cuối kỳ Similarly, we also set up detailed books for the remaining product codes, at the end of the month we have a summary sheet TK 622

At the end of the month, based on the salary allocation table, we make the entry documents

Số: 02 Tháng 11 năm 2020 ĐVT: đồng kèm theo… chứng từ gốc

CHỨNG TỪ GHI SỔ Tháng 11 năm 2020 ĐVT: đồng

Kế toán trưởng (Ký, họ và tên

31/11 Trích BHYT,BHXH,BHTN,KPCĐ 622 33603 337.007.576

Trừ BHYT,BHXH,BHTN,KPCĐ 334 33603 90.533.955

At the end of the month, CTGS bases on accounting to the Ledger of Account 622

SỔ CÁI Công ty cổ phần May Bình Minh Từ ngày 1/11/2020 đến 31/11/2014

Tên tài khoản: chi phí nhân công trực tiếp

Trích BHYT, BHXH, BHTN, KPCĐ

Kết chuyển chi phí NCTT 15403 1.741.305.813

Số dư cuối kỳ Kèm theo chứng từ gốc

(ký, họ và tên) (Ký, họ và tên)

To keep track of production overheads, accountants use account 627 and tier

For the cost of workshop staff: including salary, rice shift and other deductions as prescribed

Each workshop employee has a job factor and this coefficient is determined by the director Salary of employees is determined by each team

H ệ s ố CVNV(A) x số ngày công (26 ngày)

 hệ số CV của n CN tổ (i) x số ngày công

Trong đó lương tổ được xác định như sau:

Tổng hệ số CV của từng công nhân trong tổ

Lương tổ (i) = x QL của nhà máy

Tổng hệ số CV của nhà máy n: số nhân viên trong tổ

For the prescribed deductions are similar to the direct real workers export

The accounting process utilizes timesheets and individual work coefficients to accurately calculate employee salaries The Ministry division team relies on this salary system to determine contributions for social insurance, health insurance, unemployment benefits, and labor union fees This approach mirrors the personnel costs recorded through vouchers, ledgers, and inter-agency accounts.

When managing expenditure for distributed workshops, accounting involves accurately recording detailed cost data for raw materials This information is directly reflected in the recording vouchers and subsequently posted to the ledger, ensuring that all accounts are properly linked and maintained.

Operation 3 : November 2020 , delivering raw materials to the workshop department

31/11 Chi phí nguyên vật liệu phân xưởng 627 152 194.128.108

Người lập (ký, họ và tên)

Kế toán trưởng (ký, họ và tên)

31/11 Chi phí nhân công phân xưởng 627 334 434.585.707

Trích BHXH, BHYT, BHTN, KPCĐ 627 33603 104.300.569

The detailed cost of accounting tools primarily involves the expenses related to raw materials and the access to online tools that may be utilized for a single instance It is essential to allocate sufficient time for each tool's usage, as outlined in the allocation table Additionally, proper recording of vouchers and maintaining inter-agency ledgers are crucial for accurate financial management.

31/11 Chi phí công cụ dụng cụ 627 1531 3.330.000

31/11 Phân bổ chi phí công cụ dụng cụ 627 14203 17.626.904

When assessing costs related to cash, bank deposits, and external service charges, we consider the total cash on hand, bank balances, and accounts payable to vendors This information is then recorded in the ledger, ensuring all related accounts are accurately documented.

To accurately track the depreciation of fixed assets, we utilize a dedicated spreadsheet for depreciation amortization, ensuring that all related assets are properly recorded in the ledger This systematic approach allows for effective management and distribution of fixed asset depreciation.

BẢNG TÍNH KHẤU HAO TSCĐ THÁNG 11 năm 2020 Đvt: đồng

Mã Tên Tài Sản Ngày tính khấu hao Giá trị tài sản đầu kỳ Số khấ u hao

Giá trị KH trong kỳ Giá trị tài sản cuối kỳ

Nguyên giá GTHM GTCL Nguyên giá GTHM GTCL

Nhà cửa vật kiến trúc 1/2/2007 3.098537.853 1.162.452.984 1.963.084869 21.207.191 3.098.537.853 1.183.660.175 1.914.877.678

Nhà xưởng sản xuất chính 1/3/2008 1.207.166.076 1.012.509.759 194.656.317 120 10.059.717 1.207.166.076 1.022.569.476 184.596.600

SMK Máy thòa khuy mắt phụng điện tử Duckop-580

Máy may 1 kim điện tử Juky (36 cái)

Hệ thống băng chuyền (1(1HT) 1/1/1997 96.955.000 43.647.743 53.347.257 60 1.616.583 96.955.000 45.264.326 51.730.674

Số:07 Tháng 11 năm 2020 ĐVT: đồng

Ngày Trích yếu Tài khoản Số tiền Ghi

31/11 Khấu hao máy móc thiết bị 627 2141 157.263.153

Khấu hao máy móc thiết bị 627 24203 9.461.726

At the end of the month from all the entry records relating to the overheads of production, proceed to the Ledger of account 627

Công ty cổ phần May Bình Minh Tháng 11 năm 2020

Tên tài khoản: chi phí SXC ĐVT: đồng

Chi phí công cụ dụng cụ 153, 142 20.956.904

Chi phí nhân viên phân xưởng 334,33603 468.054.434 Chi phí khấu hao máy móc thiết bị 214,24203 166.724.879

Chi phí khác bằng tiền 111 12.098.978

Giảm chi phí do trích thừa tiền thùng 335 (1.170) Chi phí nguyên vật liệu phụ may 138803 45.620.000

Kết chuyển chi phí sản xuất 15403 1.079.584.023

Người lập sổ Kế toán trưởng Giám đốc

(ký, họ và tên) (Ký, họ và tên) (Ký, họ và tên)

After the production overheads are gathered, at the end of the accounting period, these overheads will be allocated to each type of product according to revenue.

Tỷ lệ phân bổ chi phí SXC sản phẩm (i)

= x 100% = x Tổng doanh thu của các sản phẩm

Chi phí SXC phân bổ sản Tỷ lệ phân bổ chi phí SXC sản x phẩm (i)

Tổng chi phíSXC sản phẩm

Table 2.5: General production cost distribution table

BẢNG PHÂN BỔ CHI PHÍ SẢN

XUẤT CHUNG Tháng 11 năm 2020 ĐVT: đồng

Mã sản phẩm Số lượng Doanh thu giao

Tỷ lệ phân bổ Phân bổ chi phí

2.2.2.2 General accounting of production costs and product costs

At the end of the month, the accountant at the factory will transfer all production costs incurred in the period to calculate the product cost by each cost item.

31/11 Kết chuyển chi phí NVL trực tiếp 15403 621 312.917.432

31/11 Kết chuyển chi phí NCTT 15403 622 1.741.305.813

31/11 Kết chuyển chi phí SXC 15403 627 1.079.584.023

From accounting program No 01 to Accounting Ledger of Account 621 (page

24), from accounting program No 02.03 into Ledger of Account 622 (page 32), from accounting program No 04.05,06,07.08 into Ledger Account 627 (page 38), from CTGS No 08 to the Ledger of Account 154.

At the end of the accounting period, all production costs incurred at the factory are fully allocated to the cost of the product, as there is typically little to no work in progress This allows for a straightforward calculation of product costs, ensuring accurate financial reporting.

2.2.2.3 Accountants calculate the production cost of the

At the end of the period, the accountant makes a table of product costs to determine business results at the factory and submit reports to the Corporation by simple method.

Price calculation table of Binh Minh Garment Joint Stock Company inNovember 2020

Table 2.6 Price calculation table for each product BẢNG TÍNH GIÁ THÀNH TỪNG SẢN PHẨM Đvt : đồng

Sản phẩm Số lượng Phát sinh nợ Tổng giá thành Giá thành đơn vị

Mã sản phẩm Tên sản phẩm

Công ty cổ phần May Bình Minh Tháng 11 năm 2020

Tên tài khoản: chi phi sản xuất kinh doanh dở dang

Kết chuyển chi phí NVL trực tiếp 621 312.917.432 Kết chuyển chi phí NCTT 622 1.741.305.813

Kết chuyển chi phí SXC 627 1.079.584.023

Số dư cuối kỳ Người lập sổ

Kế toán trưởng Giám đốc

(ký, họ và tên) (Ký, họ và tên) (Ký, họ và tên)

SỔ ĐĂNG KÝ CHỨNG TỪ GHI

Số tiền Chứng từ ghi sổ

Số hiệu Ngày, tháng Số hiệu Ngày, tháng

- Cộng lũy kế từ đầu quý

Kế toán trưởng (Ký, họ tên)

Thủ trưởng đơn vị(Ký, họ tên, đóng dấu) product cost calculation of Binh Minh Garment Joint Stock Company.

The company's accounting system is well-organized and tailored to its size, with a skilled staff that excels in their departmental roles and effectively meets job requirements In today's competitive market, businesses across all sectors must identify the right strategies for survival and growth Recognizing this need, the company has focused on continuous innovation and improvement in management practices, with the accounting segment playing a crucial role in this evolution.

+ About book and voucher system:

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