Whether the union funds accrued for workshop personnel wages are included in costs or management expenses?

The union funds provided for workshop personnel wages are included in the cost. Among them:

1. The trade union funds accrued from the wages of workshop production personnel are debited to the "production cost" and credited to the "employee salary payable" account.

2. The trade union funds accrued from the wages of workshop managers are debited to "Manufacturing Expenses" and credited to the "Employee Compensation Payable" account. At the end of the month, the allocation is carried forward to production costs. The "Production Cost" account is debited and the "Manufacturing Overhead" account is credited.

"Accounting Standards for Business Enterprises No. 9 - Employee Compensation" Application Guide (2014) Employee compensation refers to various forms of remuneration or compensation given by enterprises to obtain services provided by employees or to terminate labor relations. . Benefits provided by an enterprise to employees’ spouses, children, dependents, survivors of deceased employees and other beneficiaries are also employee benefits. Employee compensation mainly includes short-term compensation, post-employment benefits, termination benefits and other long-term employee benefits.

Short-term remuneration mainly includes:

(1) employee wages, bonuses, allowances and subsidies;

(2) employee welfare fees;

(3) Social insurance premiums such as medical insurance premiums, work-related injury insurance premiums and maternity insurance premiums;

(4) Housing provident fund;

(5) Trade union funds and employee education funds ;

(6) Short-term paid absence;

(7) Short-term profit sharing plan;

(8) Other short-term compensation.