1) When purchasing materials, debit the "Material Purchase" account according to the price and transportation expenses incurred as part of the material cost, and debit the "Taxes Payable - Value-Added Tax Payable (Input Tax)" according to the input tax that should be deducted According to the actual payment amount, "bank deposits", "cash on hand", "other monetary funds" and other subjects are recorded.

2) At the end of the month (or when the materials are put into storage), the "raw materials" account will be debited and the "material procurement" account will be credited based on the planned cost of the purchased materials that have been settled. At the same time, according to the difference between the actual cost of the warehousing materials and the planned cost, the "Material Purchase" account will be debited and the "Material Cost Difference" account will be credited, or according to the difference between the actual cost of the warehousing materials and the planned cost, the "Materials" account will be debited. The "Cost Variance" account is credited to the "Material Purchase" account.

3) At the end of the month, for the receipt vouchers that have not yet received the invoice, a list should be copied and recorded according to the tentative estimate of the planned cost. The "raw materials" account should be debited, the "accounts payable" account should be credited, and the red letters should be reversed at the beginning of next month. Back.

4) When materials are issued, according to the department receiving it and the specific purpose, and according to the planned cost of the raw materials issued, "production cost", "manufacturing expenses", "administrative expenses", "sales expenses", "entrusted processing materials" and other accounts are debited and credited "Raw materials" account.

5) At the end of the month, the total material cost difference is apportioned between the materials issued and the materials in inventory at the end of the period. The cost difference amount allocated according to the planned cost of the raw materials is debited to "Production Cost", "Manufacturing Expenses", "Administrative Expenses" and "Sales Expenses" Accounts such as "Consigned Processing Materials" are credited to the "Material Cost Variance" account (where the overspending difference where the actual cost is greater than the planned cost is registered in blue letters, and the savings difference where the actual cost is less than the planned cost is registered in red letters).

Calculation of cost variance rate for the current month

Last month’s cost variance calculation

Refers to the raw materials and main materials, auxiliary materials, outsourced semi-finished products, spare parts for repair, packaging materials, fuel, etc. used to produce the product and constitute the main entity of the product. (Note: Special materials used for fixed asset construction projects cannot be used as inventory)

Refers to products that are in the production stage and have not yet been completed. (Products in progress are generally not stored in semi-finished product warehouses)

After a certain production process and the semi-finished products are stored in the warehouse, they are not yet completed.

It means that the production process has been completely completed and the semi-finished product warehouse has been accepted into the warehouse and has reached a state that is ready for sale or delivery.

Refers to supplies that can be used multiple times but do not meet the conditions of fixed assets, such as packaging, tools, management tools, glassware, labor protection supplies, etc.

(1) Reasonable losses within the quota shall be included in the raw material cost of the warehouse according to its actual cost.

(2) For excess losses, the part that cannot be compensated after compensation by the insurance company, transportation department or other faulty parties will be treated as period expenses (generally reflected as administrative expenses) or non-operating expenses according to specific reasons.

(3) For abnormal losses incurred from purchased raw materials (such as losses caused by theft, loss, mold and deterioration due to poor management, excluding losses caused by natural disasters), the actual cost and the input tax payable shall be included in the actual cost and the input tax borne by the insurance company. and the portion that cannot be made up after compensation from the relevant responsible persons shall be included in non-operating expenses.

Before finding out the reason, you should put it into "Pending Property Profit and Loss"

It means that the enterprise provides raw materials and main materials, and by paying the processing fee, the entrusted processing unit processes them into the raw materials required by the enterprise according to the contract requirements.

First, when the enterprise has a lot of processing business. Separately set up the "entrusted processing materials" or "entrusted processing materials" account for general classification accounting, and set up detailed accounts according to the entrusted processing contract and entrusted processing unit, and conduct detailed accounting according to the cost components of the raw materials processed.

The second is when the enterprise has less processing business and the cost accounting of processing raw materials is relatively simple, it can be calculated through accounts such as "raw materials" and "outsourced goods", that is, setting "entrustment" in the accounts such as "raw materials" and "outsourced goods". The detailed account "Processing" accounts for the business of processing raw materials.

Credit "raw materials" and debit "production costs", "administrative expenses", "sales expenses", "manufacturing expenses", etc.