Determining the volume of products produced or sold is one of the fundamental operations that every economist should be able to do. That is why tasks in which it is required to find the volume of products are so common in economic and financial educational institutions.
Instructions
Step 1
Most often, the expression "volume of products" refers to the volume of products produced or sold by an enterprise for a certain period of time. It can be expressed in quantitative and monetary terms. To find the volume of a product in monetary terms, multiply the quantity by the unit price. The calculation becomes somewhat more complicated if the products are not homogeneous, and the price, accordingly, differs depending on the batch. In this case, find the volume of each batch separately and add up the results.
Step 2
Quite often there is a need to calculate the volume of products in the so-called comparable prices. Comparable prices are prices for a specific year or for a specific date. They can be clearly known and fixed or found through appropriate coefficients, for example, through the inflation rate. In the case when you want to find the volume of products in comparable prices, you should multiply the amount of products produced by the prices of a certain year, or adjust the volume of products at current prices by the required coefficient.
Step 3
Situations are also common when you need to find the volume of products sold within a certain period, for example, a quarter, half a year or a year. In this case, as a rule, the remainders of production at the beginning and end of a given period are known. To find the volume of production within a certain period of time, to the volume of production produced during a given period, for example, a year, add the remaining stock at the beginning of the year and subtract the stock that is in warehouses at the end of the year.
