Cost Accounting Of Export Commodities

There are two economic indicators for the cost accounting of export commodities:

Exchange cost of A. export commodities (exchange rate)

The index reflects the cost of RMB per dollar earned by export commodities.

The lower the cost of exchange is, the better the economic benefit of export is.

Export swap cost = total export cost (RMB yuan) / export foreign exchange net income (US dollar)

The total cost of the export, including the cost of goods (or production), domestic expenses (storage and pportation, management, expected profits, etc.), usually expressed at the fixed rate of fees and taxes.

Net foreign exchange earnings refer to FOB net foreign exchange earnings after deducting freight and insurance premiums.

For example, the domestic price of a commodity is RMB 7270 yuan, processing fee is 900 yuan, circulation fee is 70O yuan, tax is 30 yuan, and foreign currency net income of export sales is 11O0 dollars.

Total export cost = 727O ten 90% + 70 0 + 30 = 8900 yuan (RMB).

Exchange cost = 89O0 yuan / 11O0 USD = 8 RMB yuan / US dollar.

B. profit and loss ratio of export commodities

The index shows that the profit and loss of export commodities account for a percentage of the total export cost.

The profit and loss ratio of export commodities is (= net income of export RMB total export cost) / total export cost X 100%

Export net income of RMB =FOB export net income X bank foreign exchange purchase price

The relationship between profit and loss rate and exchange cost is:

Profit and loss ratio of export commodities = [1 export exchange cost / bank foreign exchange purchase price] X 100%

It can be seen that the exchange cost is higher than the bank buying price, and the profit and loss ratio is negative.

If the exchange cost is lower than the foreign exchange purchase price, the export will be profitable.