To calculate the cost of products use several methods depending on how to keep records of costs: regulatory, process cost, poperedniy and order. In addition, there are several types of costs depending on various factors, including the degree of readiness of the product: gross product and sales.
To determine the cost of marketable products, you need to lay down the amount of manufacturing costs and overheads such as packaging, transportation, storage, various fees, etc.: STP = SS + HP.
Production cost is formed from the total cost of manufacturing minus nonmanufacturing costs and revenues in future periods. The first value represents the sum of the following elements:- material costs (procurement of materials, semi-finished products, raw materials, equipment, energy and fuel); - amortization (recovery of worn-out assets); - the remuneration of employees; - contributions to social funds (pensions, insurance) etc.
Non-production expenses - expenses for construction or repair work at the enterprise;- the payment of third-party transport;- costs of economic activity, not associated with primary production.
Regulatory method for each product is calculated in advance of the regulatory cost, and during the reporting period adjustments are made according to local regulations. If you deviate from the standards set by its reason, and at the end of the period the total cost of commodity products as specified taking into account the variations and changes of norms.
To determine the cost of commodity products in process cost method it is necessary to divide the production cycle into the process and maintain an actual accounting of each of them. Poperedelnogo method with the cycle divided into stages, each of which ends with the creation of intermediate or finished product.
Job order costing involves costing on each individual order. Orders can be for different number of products and at different prices, the sum of all costs is formed at the stage of execution. The unit cost of production in this case is obtained by dividing the total value by the volume of consignment.