This document discusses different methods for allocating joint costs between joint products using the sales value at split-off point method and constant gross margin percentage NRV method. It provides income statements for cherry popsicles and butter using both allocation methods. It also discusses allocation of prime costs between different products.
This document discusses different methods for allocating joint costs between joint products using the sales value at split-off point method and constant gross margin percentage NRV method. It provides income statements for cherry popsicles and butter using both allocation methods. It also discusses allocation of prime costs between different products.
This document discusses different methods for allocating joint costs between joint products using the sales value at split-off point method and constant gross margin percentage NRV method. It provides income statements for cherry popsicles and butter using both allocation methods. It also discusses allocation of prime costs between different products.
This document discusses different methods for allocating joint costs between joint products using the sales value at split-off point method and constant gross margin percentage NRV method. It provides income statements for cherry popsicles and butter using both allocation methods. It also discusses allocation of prime costs between different products.
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1 Allocation of Joint costs using Sales Value at Split-off Point Method
Cherry Popsicle Butter
Sales value of total production at splitoff point 1,240,000 2,587,500 Weighting 0.2332 0.4866 Joint cost allocated 512,953 1,070,376 +/+ Separable Cost 508,500 - Production Cost (Joint Cost + Separable Cost) 1,021,453 1,070,376 Unit product cost 6,590 3,103
Product-Line Income Statement using Sales Value at Split-off Point Method
Cherry Popsicle Butter Sales Revenue 1,240,000 2,070,000 -/-Cost of Goods Sold 817,162 856,301 Gross Margin 422,838 1,213,699 *) selalu menggunakan produk akhir (final product)
Allocation of Joint costs using constant Gross-Margin Percentage NRV Method
Final sales value of total production during accounting period -/-Deduct joint and separable costs (Production cost) - Gross Margin Gross Margin Percentage 36.82%
Cherry Popsicle Butter
2 Final sales value of total production during accounting period 1,550,000 2,587,500 -/-Deduct gross margin, using overall gross margin percentage 570,710 952,718 Total production costs (Joint cost + Separable cost) 979,290 1,634,783 -/-Deduct Separable costs - 508,500 - Joint cost allocated 470,790 1,634,783 Unit Product cost 6318.00 4738.50
Product-Line Income Statement using Constant Gross Margin Percentage NRV Method Cherry Popsicle Butter Revenues 1,240,000 2,070,000 -/-Cost of Goods Sold 783,432 1,307,826 Gross margin 456,568 762,174 Gross margin percentage 36.82% 36.82% *) selalu menggunakan produk akhir (final product) Method Prime cost (DM+DL) 2,000,000 Hamburger Total 1,490,000 5,317,500 Direct Material 1,204,000 0.2802 1 Direct Labor 796,000 616,371 2,199,700 MOH 199,700 847,500 1,356,000 Joint Cost 2,199,700 1,463,871 3,555,700 9,825
oint Method Hamburger Total 1,190,000 4,500,000 1,169,132 2,842,595 20,868 1,657,405
Hamburger Total 1,192,000 4,502,000 753,106 2,844,364 438,894 1,657,636 36.82%
Cherry Juice
Joint Cost Butter 2,199,700
Bread Split-off point
NOTES: Produk setelah split off point Cherry juice, butter, bread Produk akhir (final product) Cherry popsicle, butter, hamburger Item Unit produced Unit sold Price Cherry Juice 155 124 8,000 Butter 345 276 7,500 Bread 298 238 5,000 Cherry popsicle 155 124 10,000 Hamburger 149 119 10,000
508,500 Total Separable Cost DM 567,000 DL 456,000 MOH 333,000 Separable cost Hamburger TOTAL 1,356,000 847,500
herry juice, butter, bread
herry popsicle, butter, hamburger Diketahui: Annual Demand [D] (kg) = 96,000 Reorder Point [ROP] = 2,304 Number of Order [NO] = 40 Carrying cost/unit/tahun [C] = 18 Working Days [WD] = 250 Maximum Usage [MU] = 420
1) Economic Order Quantity [EOQ] = √(2 x D x P)/C = 2,400 unit
Number of Order [NO] = Demand
EOQ EOQ = Demand/NO = 2,400 unit
2) Ordering cost per order [P]
EOQ = √(2 x D x P)/C 2,400 = √(2 x 96.000 x P)/18 5,760,000 = (2 x 96.000 x P)/18 103,680,000 = 192.000 P P = 540
3) Lead Time [LT]
ROP = DU x LT 2,304 = 384 x LT LT = 6 hari
Cari nilai DU terlebih dahulu:
DU (Daily Usage) = Demand/Working days DU = 384
4) Total Ordering Cost [TOC] = (D/EOQ) x P = 21,600
5) Total Carrying Cost [TCC] = (EOQ/2) x C = 21,600
6) Total Relevant Cost [TRC] = TOC + TCC = 43,200
7) Safety Stock [SS] = (MU-DU) x LT = 216 unit
8) TRC dengan Safety Stock = TOC + TCC 47,088
Apabila terdapat safety stock, maka rumus TOC tetap dan TCC berubah menjadi: TCC = { (EOQ/2) + SS } x C = 25,488 Diketahui: Total unit produksi 256,000 Total unit spoilage 12,800
Hitung biaya produksi per unit:
Biaya bahan baku langsung 100 Biaya tenaga kerja langsung 20 Biaya overhead 8 Total biaya produksi per unit 128
1) Normal spoilage 7,680
Abnormal spoilage 5,120
2a) REWORK Normal Rework attributable to specific job Work in Process Control 983,040 Materials Control 768,000 Wages Payable Control 153,600 Manufacturing Overhead Allocated 61,440
Abnormal Rework Loss from abnormal rework 655,360 Materials Control 512,000 Wages Payable Control 102,400 Manufacturing Overhead Allocated 40,960
2b) SPOILAGE Normal Spoilage attributable to specific job Materials Control 76,800 Work in Process Control 76,800
Abnormal Spoilage Materials Control 51,200 Loss from abnormal Spoilage 604,160 Work in Process Control 655,360
2c) Finished Goods 983,040
Work in Process Control 983,040 JOB COSTING & SPOILAGE JOB COSTING & REWORK SCRAP
a) Normal spoilage attributable to specific job a) Normal rework attributable to specific job Recognize at the time of its produ Materials Control Work in Process Control a) Return to storeroom Work in Process Control Materials Control 1. Attributable to specific job Wages Payable Control Materials Control b) Normal spoilage common to all jobs Manufacturing Overhead Allocated Work in Process Control Materials Control Manufacturing Overhead Control b) Normal rework common to all jobs 2. Common to all jobs Work in Process Control Manufacturing Overhead Control Materials Control Materials Control Manufacturing Overhead c) Abnormal Spoilage Wages Payable Control Materials Control Manufacturing Overhead Allocated b) Sale of scrap Loss from Abnormal Spoilage Cash/Accounts Receivable Work in Process Control c) Abnormal rework Materials Control Loss from abnormal rework Materials Control c) Reuse of scrap Wages Payable Control Work in Process Control Manufacturing Overhead Allocated Materials Control
Recognize at the time of its sal
a) IF MATERIAL 1. Attributable to specific job Cash/Accounts Receivable Work in Process Control
2. Common to all jobs
Cash/Accounts Receivable Manufacturing Overhead
b) IF NOT MATERIAL Cash/Accounts Receivable Scrap Revenue SCRAP
e at the time of its production
oreroom e to specific job
Work in Process Control
Manufacturing Overhead Control
ounts Receivable Materials Control
ap rocess Control Materials Control
gnize at the time of its sale
e to specific job ounts Receivable Work in Process Control
ounts Receivable Manufacturing Overhead Control
ERIAL ounts Receivable Scrap Revenue Economic Order Quantity (EOQ) Total Ordering Cost (TOC) Jumlah paling optimal setiap kali melakukan TOC = D/EOQ x P Dalam keadaan tidak ada safety pemesanan stock, nilai TOC & TCC akan EOQ = √(2 x D x P)/C Total Carrying Cost (TCC) SELALU SAMA TCC = EOQ/2 x C Number of Order (NO) Jumlah pemesanan dalam satu tahun atau periode Total Relevant Cost (TRC) a) Sebelum EOQ TRC = TOC + TCC NO = D/Q Keterangan: b) Sesudah EOQ D: Demand/kebutuhan per tahun NO = D/EOQ P: Ordering cost/biaya pemesanan per order C: Carrying cost/biaya pemeliharan per unit (sa Reorder Point (ROP) DU: Daily usage/pemakaian per hari Titik dimana perusahaan melakukan pemesanan MU: Maximum usage/pemakaian maksimal per ROP = DU x LT LT: Lead time/waktu mulai dari barang dipesan *DU = Demand/Working Days (WD) Jika ada Safety Stock, maka terdapat 2 Safety Stock (SS) rumus yg terpengaruh: Jumlah persediaan minimum yang harus tersedia di ROP = (DU x LT) + SS gudang perusahaan SS = (MU-DU) x LT TCC = { (EOQ/2) + SS } x C Keterangan: an per tahun ya pemesanan per order a pemeliharan per unit (satuan) per tahun makaian per hari e/pemakaian maksimal per hari mulai dari barang dipesan sampai barang tiba di gudang
