ACCA考试回顾,《F2管理会计》讲义辅导(26)

ACCA考试回顾，《F2管理会计》讲义辅导(26)

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9.2 Accounting for joint products

Problems for joint products:

● How common costs should be apportioned between products, in order to put a value to closing inventories and to the cost of sale （and profit）for each product.

● Whether it is more profitable to sell a joint product at one state of processing, or to process the product further and sell it at a later stage.

Reason for apportionment joint/common cost:

● To put a value to clos ing inventories of each joint product

● To record the costs and therefore the profit from each joint product

● Perhaps to assist in pricing decisions

Methods of apportionment joint cost

● Physical measurement

The common cost is apportioned to the joint products on the basis of the proportion that the output of each product bears by weight or volume to the total output.

Limitation:

● Where the products separate during the processes into different states.

● This method does not take into account the relative income-earning potentials of the individual products, with the result that one product might appear very profitable and another appears to be incurring loss.

● Relative sales value apportionment; Sales value at separatio n point

The relative sales value method is the most widely used method of apportioning joint costs because it assumes that all products achieve the same profit margin. The cost is allocated to the product’s ability to product income.

Example 1:

Output: product 1:600 units with the selling price of $4

Product 2: 1200 units with the selling price of $2.

The common costs are $3,000.

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