scholarly journals THE ESSENCE OF COST AS AN ACCOUNTING AND ECONOMIC CATEGORY

2020 ◽  
Vol 1(13) ◽  
pp. 222-226
Author(s):  
Natalia Liba ◽  
◽  
Vasil Holovachko ◽  
Yaroslav Holubka ◽  
◽  
...  
Keyword(s):  
Economic Activity ◽  
Production Cost ◽  
Production Management ◽  
Capacity Utilization ◽  
Economic Indicator ◽  
Practical Significance ◽  
Economic Activities ◽  
Cost Of Production ◽  
Labor Resources ◽  
The Cost

The main purpose of the industrial enterprise is to ensure its sustainable development. This can be achieved by constantly seeking and implementing measures to improve the economic efficiency of management. Cost is one of the indicators that affects the efficiency of economic activity of the enterprise and its structural units. It concentrates the main indicators of economic and production activities, namely: the efficiency of financial, material, labor and other resources, and hence the quality of employees and the enterprise as a whole, their advantages, achievements and losses and shortcomings. Cost directly affects the profitability, profit and financial result of economic activity. The main aim of the article is the analysis and generalization of approaches to interpretations of the concept of cost, the role and importance of the cost indicator in production management, its place in the economic mechanism of management. Theoretical general scientific research methods (analysis, abstraction, generalization, classification, etc.) have been used. The article emphasizes that the cost should be understood as the value of the cost of resources used in the production and sale of products. The study showed that the cost, as a generalizing economic indicator, reflects all aspects of the enterprise: the degree of technological equipment of production and development of technological processes, the level of organization of production and labor, the degree of capacity utilization, economy of material and labor resources and other conditions and factors that characterize production and economic activities. The practical significance of the obtained results is to clarify the meaning of the concept of cost as a generalizing economic indicator. The scientific novelty of the study is to determine the feasibility of taking into account in the formation of the cost indicator not only the cost of resources used in the process of achieving certain goals, but also the costs associated with the risky, innovative nature of entrepreneurship. Further research will be aimed at finding new methods and factors to reduce the cost of production of enterprises in Ukraine. Keywords: cost, cost of production, cost of production, cost accounting

scholarly journals Financial stability management as a determinant of competitive development of agrarian formations

2019 ◽  
pp. 13-18
Author(s):  
Nadiia HRYSHCHUK
Keyword(s):  
Financial Stability ◽  
Production Cost ◽  
New Technology ◽  
Fixed Costs ◽  
Qualitative Characteristic ◽  
Agricultural Enterprises ◽  
Cost Of Production ◽  
Labor Resources ◽  
The Cost

The article investigates financial stability as a qualitative characteristic of functioning of agricultural enterprises in modern conditions, the analysis of indicators of financial stability of the enterprise and determination of its type, as well as the effectiveness of forecasting the financial stability of agricultural enterprises. A number of measures is proposed, which is to reduce the cost of production (cost-saving strategy), which will allow agribusinesses to increase competitiveness in the market due to the introduction of new technology, technologies, more rational the use of both material and labor resources, reducing the proportion of fixed costs in the cost of production, in proportion to the increase in profits and competitive development of agricultural enterprises. The basic condition for ensuring the financial stability of the company is the formation of sufficient amounts of funds that enable them to fully fulfill their obligations to the budget, pay employees, creditors, suppliers.

IMPLEMENTASI JOB ORDER COSTING METHOD DALAM PERHITUNGAN HARGA POKOK PRODUKSI MAP

2018 ◽  
Vol 4 (2) ◽  
pp. 43-55
Author(s):  
Ika Yulianti ◽  
Endah Masrunik ◽  
Anam Miftakhul Huda ◽  
Diana Elvianita
Keyword(s):  
Production Process ◽  
Quantitative Data ◽  
Production Cost ◽  
Qualitative Data ◽  
Cost Data ◽  
Method Calculation ◽  
Cost Of Production ◽  
The Right ◽  
The Cost

This study aims to find a comparison of the calculation of the cost of goods manufactured in the CV. Mitra Setia Blitar uses the company's method and uses the Job Order Costing (JOC) method. The method used in this study is quantitative. The types of data used are quantitative and qualitative. Quantitative data is in the form of map production cost data while qualitative data is in the form of information about map production process. The result of calculating the cost of production of the map between the two methods results in a difference of Rp. 306. Calculation using the company method is more expensive than using the Job Order Costing method. Calculation of cost of goods manufactured using the company method is Rp. 2,205,000, - or Rp. 2,205, - each unit. While using the Job Order Costing (JOC) method is Rp. 1,899,000, - or Rp 1,899, - each unit. So that the right method used in calculating the cost of production is the Job Order Costing (JOC) method

scholarly journals Aplikasi Metode Simpleks Pada Optimalisasi Biaya Bahan Baku (Studi Kasus: Ukm Najmah Klappertart)

2020 ◽  
Vol 17 (2) ◽  
pp. 129-140
Author(s):  
D Damayanti ◽  
A I Jaya ◽  
Resnawati
Keyword(s):  
Simplex Method ◽  
Production Cost ◽  
Production Costs ◽  
Optimal Production ◽  
Total Cost ◽  
Optimal Cost ◽  
Cost Of Production ◽  
The Cost

ABSTRACT The purpose of this research is to obtain an the optimal production costs of Klappertart based on the basic ingredients comparing the production cost of Klappertart in Najmah Klappertart with production costs using the simplex method. The result showed that the optimal costs is ,-. This result is equal to the total cost of klappertart by SMEs Najmah Klappertart, so it can be concluded that the cost of production klappertart based on the basic ingredients on SMEs Najmah Klappertart were optimal. Keywords      : Optimal Cost, Basic Ingredients, Production Costs. (A-Z), Simplex Method  

scholarly journals Analisis Penentuan Beban Pokok Produksi Pada Usaha Tempe Sumber Mas Jember

2018 ◽  
Vol 5 (2) ◽  
pp. 134
Author(s):  
Luqman Arif Baihaqi ◽  
Imam Mas'ud ◽  
Yosefa Sayekti
Keyword(s):  
Control System ◽  
Production Process ◽  
Production Cost ◽  
Cost Control ◽  
Total Production ◽  
Cost Of Production ◽  
The Cost ◽  
Business Cost

This study aims to find out the system of business cost control of Tempe Sumber Mas. A Controling based difference between the calculation of the cost of production with cost of production of tempe using full costing. and This research uses Descriptive by Source and Technique Triangulation. The results of this study indicate that the cost control system used by the company is still simple and the calculation of the cost of production of tempe using full costing method is greater than calculate the total production cost used in the tempe production process. Keywords: Expense, Cost of Production, Full Costing, Cost Control

scholarly journals CALCULATION OF PRODUCTION COST IN UD. USAHA BARU WITH FULL COSTING METHOD

2019 ◽  
Vol 4 (1) ◽  
pp. 28-42
Author(s):  
Suprianto Suprianto ◽  
Bina Andari ◽  
Yely Sulistyawati
Keyword(s):  
Production Cost ◽  
Raw Materials ◽  
Analysis Data ◽  
Production Costs ◽  
Raw Material ◽  
Labor Costs ◽  
Material Costs ◽  
Other Information ◽  
Cost Of Production ◽  
The Cost

This study aims to evaluate the calculation of cost of production. The accuracy of the calculation of cost of production is influenced by the suitability in the accumulation and calculation of production costs which includes the cost of raw materials, direct labor costs and other costs (factory overhead costs). This research was conducted at UKM UD. Usaha Baru which aims to determine the calculation of cost of production at UD. Usaha Baru and to find out whether the calculation of cost of production is in accordance with the full costing method. The technique (method) of data analysis used in this study is quantitative analysis. Data collection techniques use interview techniques directly to obtain information from the number of units of monthly production, raw material costs, direct labor costs, and factory overhead costs, as well as other information relating to the calculation of cost of production. Based on the evaluation results for the calculation of raw material costs and labor costs are in accordance with the full costing method. However, the calculation of factory overhead costs is not in accordance with the full costing method because there are costs that have not been included in the calculation of production costs.

scholarly journals Constraint and opportunity of raw jute production : A case study of eastern Terai, Nepal

2013 ◽  
Vol 3 ◽  
pp. 117-122 ◽  
Author(s):  
TB Ghimire ◽  
NS Thakur
Keyword(s):  
Production Cost ◽  
Cost Effective ◽  
Profit Margin ◽  
Yield Potential ◽  
High Yield ◽  
Climate Change Effect ◽  
Cost Of Production ◽  
Sowing Period ◽  
The Cost ◽  
High Yield Potential

Area and production of raw jute has decreased, though there is a high demand of raw jute in the country. In order to assess production constraints, a survey was carried out in 2005/06 in Jhapa, Morang and Sunsari districts. The study revealed that unstable or low price of raw jute, unavailability of quality jute seed, limited irrigation water at sowing period, diseases complex (wilt), labor shortage during peak season, weed problem, lack of retting water/retting pond were the main constraints in jute production and processing. The study indicates that the maximum production cost has involved in fiber extraction (16.9%) and weeding (16.33%). Jute productivity ranged from 1788 to 2260 kg per hectare. JRO-524 variety of jute has been widely grown across the region due to its wider adaptability, high yield potential and quality fiber. Jute area has been replaced by sugarcane due to its high yield potential and high profit margin. It is observed that the cost of production of jute is high as compared to other crops in the season. Average cost of production of fiber was estimated to be Rs.1563/quintal. For the promotion of jute cultivation in the eastern Terai, it would be better to provide subsidies on seeds and fertilizer to jute growers as practiced in neighboring countries thereby profit margin becomes high and will encourage growers in producing more raw jute within the country for the fulfillment of raw jute requirement of local jute industries. Cost effective technologies have to be developed in jute production and processing aspects for lowering the production cost and increasing the profit margin. Popular genotypes JRO- 524 which was widely adopted needs to be recommended officially for the general cultivation in this region. Being an eco-friendly crop, promotion is required to adapt climate change effect and maintaining the soil properties in jute growing areas. Agronomy Journal of Nepal (Agron JN) Vol. 3. 2013, Page 117-122 DOI: http://dx.doi.org/10.3126/ajn.v3i0.9013

scholarly journals Analisis Perhitungan Dan Penentuan Harga Pokok Produksi Pada PT. Mutifa Medan

2019 ◽  
Vol 2 (1) ◽  
pp. 12
Author(s):  
John Fisher Gulo ◽  
Kamil Mustafa ◽  
Ninny Siregar
Keyword(s):  
Production Cost ◽  
Raw Materials ◽  
Descriptive Analysis ◽  
Production Costs ◽  
Total Production ◽  
Labor Costs ◽  
Average Production ◽  
Qualitative Descriptive ◽  
Cost Of Production ◽  
The Cost

<p>The cost of production is needed to determine the cost of production of a product. Costs incurred to produce the product must be clear, so that the determination of the cost of production would be appropriate. Imprecision in calculating the cost of production will be misleading in making management decisions. Data collection methods used in this study include: Documentation, Interview, Observation. This study analyzed using qualitative descriptive analysis comparing the theory with actual results of the company. PT MUTIFA in determining the cost of production using the full costing method. PT MUTIFA in determining the cost of production, all costs incurred are treated as production costs, both the cost of major raw materials, cost of auxiliary materials, packaging materials costs and production overhead. Classification of production costs in accordance with the theory that exists is composed of material costs, labor costs and production overhead costs. Total production cost per month of each element calculation the average monthly cost is Rp. 73.111.118,260,- and the average number of finished products Paracetamol tablet 500 mg tablet is as much 566,666.67 per month. Based on data on average production costs in 2009, then the production cost per tablet is .Rp. 129,019.</p>

scholarly journals ANALISYS PRODUCTION COST of SAWMILL ON THE PT KATINGAN TIMBER CELEBES IN WAMLANA VILLAGE BURU REGENCY

2020 ◽  
Vol 4 (1) ◽  
pp. 64-79
Author(s):  
Fitri N.S. Ellis ◽  
Troice E. Siahaya ◽  
Mersiana Sahureka
Keyword(s):  
Production Cost ◽  
Raw Materials ◽  
Labor Cost ◽  
Research Data ◽  
Overhead Cost ◽  
Interview Methods ◽  
Sawmill Industry ◽  
Cost Of Production ◽  
The Difference ◽  
The Cost

The objective of this study was to find out components of production cost and analyzing the cost of production materials which used full costing method and variable costing method. This research was conducted at October 2019 on PT. Katingan Timber Celebes Wamlana Village, Fenaleisela Subdistrict, Buru Regency. The company is a buried sawmill industry at Buru Island when has a primary industrial license for timber. Research data were collected by observation, documentation and interview methods, and then analyzed by full costing and variable costing methods. The result showed that the components of production cost consist of raw materials cost, direct labor cost used fixed factory overhead cost and variable factory overhead cost. The cost of production used costing method have value of  Rp.5.120.341.644,- more higher compered to variable costing is Rp.4.542.320.899,- the difference value of the cost of production due to full costing methods which imposes the fixed overhead cost and the variable overhead cost, that the cost of production is higher than with variable costing methods which imposes by factory overhead cost.

scholarly journals PROBLEMS OF REDUCTION OF PRODUCTION COST AND WAYS OF SOLUTION

2020 ◽  
Author(s):  
N.Y. Kolyada ◽  
◽  
O. V Dyakova
Keyword(s):  
Production Cost ◽  
Cost Of Production ◽  
The Cost

Relevance of chosen theme is related to the research and analysis of various methods of reduction of production cost. The article presents problems of reduction of production cost and the factors that affect the cost of production are listed. The article presentsprincipal directions of reduction of production cost and examples of integrating of different methods.

scholarly journals PELATIHAN PENENTUAN HARGA POKOK PRODUKSI PADA KEWIRAUSAHAAN PANGAN NON BERAS BBPJN XVIII PAPUA, WILAYAH 2 KABUPATEN MERAUKE

2019 ◽  
Vol 2 (2) ◽  
pp. 13-18
Author(s):  
Siti Rofingatun
Keyword(s):  
Production Cost ◽  
Cost Of Production ◽  
Processed Products ◽  
The Cost

This activity aims to provide training to the BBPJN Women's Dharma Group in Merauke Region 2 about Determining the Cost of Production in Every Non-Rice Food Entrepreneurship. This activity amounts to 30 people. By practicing and simulating to determine the cost of production of Non-rice Food Processed Products. Keyword : Training of production cost pricing. Keyword : Training of production cost pricing

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