There is no inventory and thus no inventoriable costs. There is no inventory and thus no inventoriable costs

There is no inventory and thus no inventoriable costs.

• There is no inventory and thus no inventoriable costs.

• The income statement does not include cost of goods sold.

Service

• Service

• Provides intangible services, rather than tangible products

Manufacturing Company:

• Manufacturing Company:

• uses labor, plant, and equipment to convert raw materials into finished products

• Materials inventory

• Work in process inventory

• Finished goods inventory

Kendall Manufacturing Company:

• Kendall Manufacturing Company:

• Beginning and ending work-in-process inventories were $20,000 and $18,000.

• Direct materials used were $70,000.

• Direct labor was $100,000.

• Manufacturing overhead incurred was $150,000.

What is the cost of goods manufactured?

• What is the cost of goods manufactured?

Kendall Manufacturing Company’s beginning finished goods inventory was $60,000 and its ending finished goods inventory was $55,000.

• Kendall Manufacturing Company’s beginning finished goods inventory was $60,000 and its ending finished goods inventory was $55,000.

• How much is the cost of goods sold?

Kendall Manufacturing Company had sales of $627,000 for the period.

• Kendall Manufacturing Company had sales of $627,000 for the period.

• How much is the gross margin?

Kendall Manufacturing Company had operating expenses as follows:

• Kendall Manufacturing Company had operating expenses as follows:

• $80,000 Sales salaries 10,000 Delivery expense

• 30,000 Administrative expenses $120,000 Total

• What is Kendall’s operating income?

Direct Materials Inventory

• Direct Materials Inventory

• Beginning inventory

• Purchases and freight-in

• Direct materials available for use

• Ending inventory

• Direct materials used

Which of the following is not an element of manufacturing overhead?:

• Which of the following is not an element of manufacturing overhead?:

Klasifikasi Umum Biaya

• Klasifikasi Umum Biaya

• Biaya Produksi:

• BB (langsung -tidak langsung)

• BTK (langsung- tidak langsung)

• BOP

• Biaya Non Produksi:

• Biaya pemasaran atau penjualan

• Biaya administrasi

Biaya pemasaran atau penjualan

• Biaya pemasaran atau penjualan

• semua biaya yang diperlukan untuk menangani pesanan konsumen dan memperoleh produk atau jasa untuk disampaikan kepada konsumen.

• contoh : pengiklanan, pengiriman, perjalanan dalam rangka penjualan, komisi penjualan, gaji untuk bagian penjualan, biaya penyimpanan gudang

• Biaya administrasi

• pengeluaran eksekutif , organisasional dan klerikal yang berkaitan dengan manajemen umum organisasi.

• contoh : gaji eksekutif, akuntan umum, kesekretariatan, humas

Klasifikasi biaya untuk pembebanan Biaya ke objek biaya:

• Klasifikasi biaya untuk pembebanan Biaya ke objek biaya:

• Biaya Langsung

• Biaya Tidak Langsung

Klasifikasi biaya untuk pengambilan keputusan:

• Klasifikasi biaya untuk pengambilan keputusan:

• Biaya diferensial

• Biaya kesempatan

• Biaya tertanam

• Biaya Diferensial /Inkremental-Dekremental:

• Perbedaan biaya antara dua alternatif

• Konsep biaya marginal dan pendapatan marginal:

• Biaya marginal: biaya yang digunakan untuk menghasilkan 1 unit lebih banyak

• Pendapatan marginal: pendapatan yang diperoleh dari penjualan 1 unit lebih banyak

Biaya Kesempatan (Opurtunity cost):

• Biaya Kesempatan (Opurtunity cost):

• manfaat potensial yang akan hilang bila salah satu alternatif telah dipilih dari sejumlah alternatif yang tersedia.

• Biaya Tertanam (sunk cost):

• biaya yang telah terjadi dan tidak dapat diubah oleh keputusan apapun yang dibuat saat ini ataupun masa yang akan datang.

What are product costs?

• What are product costs?

• They are the costs to produce (or purchase) tangible products intended for sale.

• There are two types of product costs:

For external reporting, merchandisers’ inventoriable product costs include only costs that are incurred in the purchase of goods.

• For external reporting, merchandisers’ inventoriable product costs include only costs that are incurred in the purchase of goods.

• Inventoriable costs are an asset.

• Period costs flow as expenses directly to the income statement.

For external reporting, manufacturers’ inventoriable product costs include raw materials plus all other costs incurred in the manufacturing process.

• For external reporting, manufacturers’ inventoriable product costs include raw materials plus all other costs incurred in the manufacturing process.

• Inventoriable product costs are incurred only in the third element of the value chain.

• Costs incurred in other elements of the value chain are period costs.

Sales $28,000

• Sales $28,000

• Cost of goods sold 20,150

• Gross profit $ 7,850

• Selling and admin. expenses:

• Sales salaries expense $2,000

• Office salaries expense 1,500

• Total selling and admin. expenses 3,500

• Income from operations $ 4,350

Cost objects are anything for which a separate measurement of costs is desired.

• Cost objects are anything for which a separate measurement of costs is desired.

• Cost drivers are any factors that affect cost.

What are examples of cost objects?

• What are examples of cost objects?

• individual products

• alternative marketing strategies

• geographic segments of the business

• departments

What are direct costs?

• What are direct costs?

• Direct costs are those costs that can be specifically traced to the cost object.

• What are indirect costs?

• Indirect costs are costs that cannot be specifically traced to the cost object.

• Direct Materials are a:

• Product Manufacturing Period

• Cost Overhead Cost