Improvement Of Cost Accounting And Product Costing In Dairy Farming

Table 5: Cost sheet for calculating the actual prime cost for CFRs

I. Composition and structure of costs:
Analytical account debit __________________________________(Account description)
Expenditures				Title:Annual cow population _____________animal unitsCore product output: milk ____________cwtcalf offspring _________________________ animal units/kglive weight gain ____________________cwtBy-product yield: manure _______________________t
				Actual costs, total
				Physical data						Amount, rub.
				Unit			Number
1. Material costs
- Feed stuff
- Animal protection products
- Fuel
- Others
2. Labour remuneration				Man-hour
3. Social benefits				х			х
4. Capital asset				х			х
5. Activities and services of ancillary production				х			х
6. Taxes, fees and other payments				х			х
7. Other costs				х			х
8. Losses from the death of animals				х			х
9. General production costs				х			х
10. General running costs				х			х
Total				х			х			х
Distribution of total costs for CFRs based on the method to involve milk productivity and herd reproduction*:
k1, k2, kn
Cost breakdown based on the current methodology within CFRs:
Milk costs (11*90%)				х			х
Offspring costs (11*10%)				х			х
Economic and production indicators*:
1. Average milk yield per 1 forage cow				х			х
2. Average live weight of a calf at birth				х			х
3. Number of offspring per 100 cows and heifers available at the start of year				х			х
4. Calculation of costs for 1 cwt of milk				х			х
by type and cost item				х			х
5. Calculation of costs for 1 animal of offspring				х			х
by type and cost item				х			х
6. Calculation of costs per 1 cwt of live weight gain
by type and cost item
II. Calculation of body weight gain:
No.	Contents								Live weight, cwt
1	Balance at the end of year
2	Transferred to older groups and to adult herd
3	Sold
4	Death of animals
5	Butchering
6	Total (incl. balance at the end of year)
7	Offspring
8	Purchased and received from other sources
9	Balance at the start of year
10.	Total
11.	Live weight gain (6 –10)
Back side of the sheet
III. Calculating the prime cost of a revenue object and a revenue unit:
IV. Adjustment of the estimated production cost to the actual level:
Product description		Actual cost price per unit, rub.				Estimated cost, rub.			Amount of cost adjustment, rub.
		Unit		All products		Unit		All products	Unit	All products
Core dairy herd
Milk									Fact-plan
Offspring									Fact-plan
Raised and fattened animals
Live weight gain									Fact-plan
Total		х				х		х	х
V. Write off a costing difference:
Product usage			Number		Costing difference (“+” revaluation “-“ reversal)					Offset account, debit
Milk
Sold										90-2
For feeding calves										20-2
Stock balance										43
Total:
Offspring
Heifers										11
Male calves										11
Total:
Live weight gain
Gain										11
Total amount:
Subtotal:

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Improvement Of Cost Accounting And Product Costing In Dairy Farming

Table 5: Cost sheet for calculating the actual prime cost for CFRs

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Improvement Of Cost Accounting And Product Costing In Dairy Farming

Table 5: Cost sheet for calculating the actual prime cost for CFRs

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