Determining the volume of gross production in most cases can be done using the factory method, which excludes the repeated counting of intermediate products. This calculated statistical indicator characterizes the rate of growth of production and labor productivity.
Instructions
Step 1
The gross output of an enterprise is the aggregate monetary value of units of goods for the reporting period of time. This does not take into account the cost of finished products and semi-finished products involved in its production, i.e. sold for domestic consumption. This billing strategy avoids re-billing, since raw material costs contribute to the total. However, at some enterprises of the light and food industries, double counting is allowed.
Step 2
This calculation method is called factory. It can be used to determine the volume of gross output, which in the general case is equal to marketable output minus the residual value of work in progress, as well as the cost of residual equipment, tools and special-purpose devices: V = TP + (HP2 - HP1) + (I2 - I1).
Step 3
Commercial products TP represents the total cost of a consignment of goods or services produced for sale outside the enterprise. This value is expressed in the prices at which the goods are sold to the consumer, depending on the volume of purchases: wholesale or retail.
Step 4
Work in progress indicators NP2 and NP1 are calculated, respectively, at the end and beginning of the reporting period. The difference between them shows the cost of semi-finished products and materials already included in commercial products, as well as intermediate products of an unfinished production cycle. The second applies to enterprises producing metal structures, for example, machine-building plants.
Step 5
The residual value of instruments I2 and I1 is determined at the end and beginning of the period. The list of equipment and special devices used is approved for each individual enterprise and certified by the governing ministry or department.
