Direct Materials Cost Accounting Flowchart

Appendix 1.1 Direct materials cost accounting diagram

Appendix 1.2 Direct labor cost accounting diagram

Appendix 1.3 General manufacturing cost accounting

Appendix 1.4: General accounting of production costs

Appendix 1.5 Summary diagram of production cost and product price set

Diagram explanation:

1a. Exporting raw materials and supplies to manufacture products and provide services

1b. Export raw materials, materials, tools, and equipment for shared use among workshops and departments.

production department

1c. Export raw materials, tools, and equipment for shared use by sales and management departments.

business

2 (2a, 2b, 2c). Salary payable, social insurance, health insurance, and union fees are included in direct labor costs and production costs.

general, selling expenses, business management expenses

3 (3a, 3b). Depreciation of fixed assets used for product manufacturing, service provision (account 627), used for sales department (

Account 641), used for management department (Account 642)

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Sales department (account 641), used for management department (account 642)

5 (5a, 5b, 5c). Transfer of raw materials, direct materials, transfer of direct labor costs, and general manufacturing costs to

product and service costing

6 (6a, 6b, 6c). Transfer of direct material costs, direct labor costs, and overhead costs to the above

normal level in cost of goods sold

7a. Cost of products in stock

7b. Cost of products and services sent for sale

7c. Cost of products manufactured and immediately consumed, cost of completed services

provided during the period.

4 (4a, 4b). Cost of outsourced services used for product manufacturing (account 627), used for

Appendix 2.1. SAP – VAS account conversion table

G/L acct

crcy	Short Text	VAS 2 Account	VAS 1 account	CODE VAS	Name Code VAS
16120	VND	Inv-RM-Foam	152	152	141	Inventories
16410	VND	Inv-WIP	154	154	141	Inventories
24111	VND	Accrued-Wages	3341	334	314	Payable to employees
24112	VND	Accrued-SS	3383	338	136	Other short-term receivables
24114	VND	Accrued-HealthyFund	3384	338	136	Other short-term receivables
24115	VND	Accrued-Unemployment	3386	338	136	Other short-term receivables
24116	VND	Accrued-Double/Leave	335	335	315	Short-term accrued expenses
24190	VND	Accrued-Other	3382	338	319	Other short-term payables
51100	VND	CoGS-Ext (FG)	632	632	11	Cost of sales
51120	VND	CoGS - Raw Material	632	632	11	Cost of sales
51381	VND	CoGS-Inter-8100	632	632	11	Cost of sales
51382	VND	CoGS-Inter-8200	627	627	11	Production overheads
51681	VND	PurCost-IntCo-8100	632	632	11	Cost of sales
51682	VND	PurCost-IntCo-8200	632	632	11	Cost of sales
52911	VND	Inv Adj-Stock Price	632	632	11	Cost of sales
52912	VND	Inv Adj-Price Diff S	632	632	11	Cost of sales
52913	VND	Inv Adj-Purch PD	632	632	11	Cost of sales
52920	VND	Inv Adj-Diff on GR/I	632	632	11	Cost of sales
52940	VND	Inv Adj-StockTake	632	632	11	Cost of sales
52990	VND	Inv Adj-Other	632	632	11	Cost of sales
53120	VND	M Cons-RW-Foam	621	621	11	Direct raw material costs
54110	VND	FOPO-SFG-Foam Cup	632	632	11	Cost of sales
54190	VND	FOPO-SFG-Other	632	632	11	Cost of sales
54210	VND	FOPO-FG	632	632	11	Cost of sales
54220	VND	FOPO-FG-Garment	632	632	11	Cost of sales
54610	VND	SubcontractingOutput	632	632	11	Cost of sales
54726	VND	Subcon-InterCo-2600	632	632	11	Cost of sales
55210	VND	Inv chng-WIP-FG	632	632	11	Cost of sales
56110	VND	Prod Var-SFG-Foam	632	632	11	Cost of sales
56190	VND	Prod Var-SFG-Other	632	632	11	Cost of sales
56210	VND	Prod Var-FG	632	632	11	Cost of sales
56220	VND	Prod Var-FG-Garment	632	632	11	Cost of sales
57110	VND	Ind Prod M-Al	632	632	11	Cost of sales
57400	VND	Ind Prod M-Oth Mach	632	632	11	Cost of sales
57900	VND	Ind Prod M-Others	632	632	11	Cost of sales
58100	VND	Subcon -Fabric Dying	632	632	11	Cost of sales
58300	VND	Subcon -Cut&Make	632	632	11	Cost of sales
58900	VND	Subcon -Other	632	632	11	Cost of sales

VND	Other Products	632	632	11	Cost of sales
61100	VND	DW-Piece Rate	622	622	11	Direct labour costs
62810	VND	Fact Utility -Elec	632	632	11	Cost of sales
62820	VND	Fact Utility -Water	632	632	11	Cost of sales
63220	VND	Sample Prod	627	627	26	General and administration expenses
64100	VND	OH-Outside Lab Test	632	632	11	Cost of sales
64200	VND	OH-Inspection	632	632	11	Cost of sales
64952	VND	OH-Customs-SS Ins	632	632	11	Cost of sales
64953	VND	OH-Customs-Medical I	632	632	11	Cost of sales
64955	VND	OH-Customs-UnempIns	632	632	11	Cost of sales
67100	VND	Interest Inc	5151	515	21	Financial income
67513	VND	Realized Ex Gain-USD	5151	515	21	Financial income
67523	VND	UnrealizedExGain-USD	515	515	21	Financial income
68100	VND	Purchase Payment	515	515	21	Financial income
68350	VND	Gain-Machineries	711	711	31	Other income
68900	VND	Other Operation Inc	711	711	31	Other income
68950	VND	Oth Opex Inc-Scrap	511	511	1	Sales
69900	VND	Other Non-operating	711	711	31	Other income

59900

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