Calculating the unit cost is both simple and complex. It all depends on the approach to the calculation. You can find out the full cost price by dividing all the costs of a period by the volume of products produced during this period. But this method does not provide opportunities for analysis and management. Therefore, a more painstaking method is used - the method of calculating the cost of a unit of production.
Instructions
Step 1
Create a data table where you will enter data. Identify your own expense items that require your analysis. Give the recommended table in the form you need.
Step 2
Determine the level of direct production costs, for which use the normative data for the consumption of materials per unit of production, wages of workers, fuel and electricity costs. Determine the amount of spending on preparation of production per unit of production.
Step 3
Determine the amount of wages of the main workers for the previous year.
Step 4
Determine the amount of overhead costs for the previous year, by item.
Step 5
Calculate the burden of each type of overhead on the wages of key workers for the previous year. Consider the possibility of reducing or increasing this load in the planning period. Apply the resulting calculated overhead load data to the planned indicators. To do this, adhere to the following algorithm: the overhead costs of the planning period are equal to the wages of the main workers of the planning period multiplied by the specific indicator of overhead costs of the previous period to the wages of the main workers for the same period.
Step 6
Calculate the level of sales expenses per unit of production for the last year. To do this, divide the sum of all costs associated with the sale and promotion of products on the market by the volume of production for the same period.
Step 7
Fill in all the data in the table. Summarize. To do this, add all the individual indicators for the calculation items. The amount received is the unit cost. In this case, it is the planned cost based on the results of the standard cost estimate. To display its actual value, it is necessary to calculate the actual costs: direct production costs and period costs (overhead costs). You have received the unit cost estimate. In this case, you used the percentage method of allocating fixed costs to the cost price, in which the base of distribution is the wages of the main workers.
