Cost Accounting Of Export Commodities

Exchange cost of A. export commodities (exchange rate)

The index reflects the cost of RMB for the net income of one dollar of foreign exchange for 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.出口商品盈虧率 

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

盈虧率和換匯成本之間的關(guān)系為： 

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.