Improving The Ability to Calculation of Cost of Goods Sold on MSMEs in Bojongsoang Village, Bandung City (original) (raw)
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2020
The study focused on analyzing of the Cost of Good Production. Calculation the cost of production for setting the selling price and profit, so it can help management to make decisions about a product that is produced both on the selling price as well as other decisions. The study used as sample of 50 businesses in the district pempek Ilir Barat I and Bukit Kecil Palembang. The sampling technique is simple random sampling. Instruments in this study was a questionnaire. The results showed that there were 21 businesses that have Cost of production is greater than the selling price, which means that the business suffered losses. The remaining 29 businesses that have Cost of production is less than the selling price, this means the company's profit. It is advisable to businesses that suffered losses, in order to re-pricing pempek product. The findings of this study may inform that businesses in the district Ilir Barat 1 and Bukit Kecil Palembang who have BEP (IDR) Highest is pempek A...
Analysis of Cost of Good Manufactured (Cogm) Calculation Using Full Costing Method on Sme 'X
Zenodo (CERN European Organization for Nuclear Research), 2022
Micro, Small, and Medium Enterprises (MSMEs) play an essential role in the Indonesian economy, contributing 61.07% of the GDP and 96.9% of employment. Taking into account the importance of the role of MSMEs, special attention is needed to overcome one of the main problems often faced by MSME actors, namely errors in calculating the Cost of Production (COGM). One of the suitable methods for calculating COGM is the full costing method. This study uses a descriptive research method with a qualitative approach. The focus of this research is the analysis of the calculation of the Cost of Production using the full costing method. This research uses primary and secondary data sources, interview data collection techniques, observation, and documentation. Furthermore, we are testing the data using qualitative methods, which is the triangulation technique. This study aims to analyze the calculation of the COGM for peanut cookies according to the calculation of SMEs 'X', a pastry producer, and the COGM calculation using the full costing method. Based on the research results, the COGM calculation results according to SMEs 'X' are IDR 31,000 per jar, and according to the full costing method IDR 36,800 per jar, the difference is IDR 8,500 per jar. This significant difference in COGM understatement certainly impacts SMEs 'X' business finances. We hope that the results of this research can be used by SMEs X' to determine the selling price of the cookies so that it can increase the profitability of its business.
Jurnal Perspektif
This research aims to identify all production costs incurred in production, to calculate the cost of goods manufactured correctly using the Process Costing Method and decision making for determining the selling price of shoes. The research was taken in one of small-sized enterprises shoe factory in East Karawang. The research method is descriptive comparative with a qualitative approach. The descriptive method is used to describe the production costs incurred in the production process including the raw materials costs, supporting materials costs, labor costs, and factory overhead costs. In this research, the data used are primary and secondary data. The COGM calculation results in show that there is variance calculation between company system and process costing method. It is due to calculations that companies do not identify production costs in detail, therefore the company’s COGM calculation is inaccurate. The COGM calculation appropriately can be the company’s strategy to determi...
Research Journal of Finance and Accounting, 2020
A micro, small and medium enterprise (MSME) becomes a special attention of the government to increase Indonesian economic sector. The development of MSME and creative economy will create a new economic resource and support regional economic development to provide a job, and MSME has high economic resilience too. In a practice, some problems often occur in cost-production calculation, the determining of sell price, and financial literacy that cause an error in calculating profit, so a business actor is wrong in analyzing the financial condition of the MSME. That condition encourages low business growth and even bankruptcy of MSME due to not being able to compete or experiencing acute Financial Distress. The development of the number of small subdistrict industries in Pekanbaru City has decreased significantly by 53%. The number of small industries in 2016 amounted to 117 decreased to 54 units in 2017. Such a situation makes it necessary to pay special attention to understanding the calculation of production costs, determining selling prices and financial literacy among MSME sector players.The research method conducted here is a Qualitative method using a case study strategy in analyzing and applying it. The result of this study shows the lack of understanding of welding workshop owners related to the calculation of production costs, determining the selling price and financial literacy will have an impact on business continuity. This error-in analyzing costs and selling prices-causes it to be one of the factors of loss or inability to reach the break-even point of production, resulting in a loss and the inability of the company to remain competitive.
European Journal of Business and Management Research
The development of several food preparations in Kelanggaran Village, Unyur Serang, Banten, are craftsmen who diversify their processed products of various sizes, shapes, and types. The increase in the amount of production produced by craftsmen often neglects to be unable to determine the expected profit target related to material spending, production processes to marketing, so that prices are formed only based on estimates. In addition, this service aims to provide understanding to the craftsmen of special food processing. It is hoped that after this service, they can determine the cost of goods sold themselves and be able to market these special processed foods through the internet for their business. The implementation method in the program uses the participatory follow-up assessment method for IbM partners. This method is carried out because of the need for a partner situation analysis stage in the form of a field visit to the partners. To solve the solution to the problems faced...
Application of costing methods: a case study in a retailer in the Triângulo Mineiro
Brazilian journal of operations & production management, 2021
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Evaluasi Strategi Pemasaran Pada Mini Market Mor Store Karawang
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Penelitian ini bertujuan untuk mengevaluasi strategi pemasaran pada Mini Market Mor Store Karawang dengan menggunakan metode SWOT-TOWS, IFAS-EFAS. Teknik pengumpulan data menggunakan observasi, wawancara dan dokumentasi. Berdasarkan hasil penelitian diketahui bahwa kondisi internal MOR Store Karawang memiliki potensi yang kuat dengan nilai 3,216 untuk bersaing, namun tidak terlalu lemah untuk memperbanyak persaingan (2,912). Kondisi ekstrnal MOR Store Karawang dengan besarnya nilai peluang adalah 2,976 dan ancaman sebesar (2). Faktor peluang perusahaan berada pada kondisi yang relatif berpeluang walaupun sangat sempit dibidangkan dengan ancaman yang datang dari luar. Melalui analisis SWOT dan Matrik T-W-O-S dapat diketahui bahwa perusahaan mendukung mnggunakan strategi agresif dan strategi strength-opportunity (SO) yaitu dengan memanfaatkan peluang sebaik-baiknya dengan memaksimalkan kekuatan perusahaan. Evaluasi dari pembahasan dan analisis MOR Store Karawang hampir sudah memenuhi ...
IJMRAP, 2022
This study aims to determine and analyze the comparison of the method of calculation of the production cost activity based costing system with the conventional system as a determination of the selling price at PT STO Samarinda from October 2020 to September 2021. The data of this study were collected using the observation method, interview, documentation, and literature study. This research method is descriptive quantitative research with activity based costing system. The results of this study indicate that the activity based costing system when compared with the conventional system gives a higher cost of production for the Mix Meranti Solid Laminated Broad product. Meanwhile, the cost of production was lower for the Mix Meranti Finger Joint Laminated Board, Mix Meranti E2E, Mix Meranti E4E, and Mix Bangkirai E4E with an activity based costing system. The difference that occurs is due to the imposition of factory overhead costs on each product.
Designing the production costing model for small and medium enterprises in Magelang regency
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For SMEs, the preparation of the budget becomes a solution that still has not been found a solution, this is due to the limited knowledge of business actors about the technical preparation of the company budget. The purpose of this research is to provide an overview of the design of the budget preparation model for MSME entrepreneurs. This study uses a qualitative approach with the R & D method of budgeting models for MSMEs. The results of this study consisted of three stages, namely stage one consisting of identification of business process activities, identification of the costs of each business activity and determination of the arithmetic unit of each expenditure. Stage two is the calculation of the total cost of each business activity and the third stage is the stage of preparing the cost of production, calculating the gross profit and net profit of the business.
Journal of Applied Sciences in Accounting, Finance, and Tax, 2021
Determining the selling price of a product based on the cost of production can help find out what the right product selling price is to cover all production costs. This study aims to determine the calculation of the cost of production using the full costing method and to determine the calculation of the selling price set by the Soap Kelle Sari Amertha Business and the selling price based on the calculation of the cost of production according to the full costing method. This research was conducted at the Soap Kelle Sari Amertha Business located in Banjar Petapan, Aan Village, Banjarangkan, Klungkung. The type of research used is qualitative research through interview and observation data collection techniques with data sources using primary data. The data analysis technique in this study is the full costing method. The results of this study indicate that the cost of production according to the Soap Kelle Sari Amertha Business and the cost of production according to the full costing m...