The cost of production is determined by a number of important indicators. All costs of the enterprise for its production and sale must be included. Naturally, they are planned in advance, but it often happens that the actual costs differ from the planned costs. How do you determine the actual cost of a product?
Instructions
Step 1
Calculate material costs. Summarize the cost of materials, semi-finished products and components that are purchased, the payment of fees to third parties involved in the production of products, the cost of natural raw materials, the cost of energy, space heating, transport work and the purchase of all types of fuel.
Step 2
Calculate labor costs. Sum up the basic wages of workers who are engaged in the production of products, all bonuses and other payments, incl. stimulating and compensating.
Step 3
Calculate the cost of social contributions. These will be the amounts that go to all funds and health insurance.
Step 4
Calculate the cost of depreciation of fixed assets. Fixed assets are the same machines, buildings, i.e. tangible assets that have been in operation for more than one year. Naturally, in the process of work, they wear out. Old fixed assets need to be replaced with new ones. But it's one thing to buy a calculator or a desk, and another to get expensive equipment. So amortization is a kind of piggy bank that helps out at the right time.
Step 5
Calculate other costs. The list can be very long. But the main points are: taxes, expenses on non-budgetary funds, rent, travel expenses, training, etc.
Step 6
Consider also losses from downtime due to internal production, losses from shortages in which the culprit is not found, payments due to court decisions, and losses from defective products.
Step 7
Add up all costs and get the actual cost of production. If you need the actual cost of one unit of product, then determine it by simply dividing the sum of all costs by the number of units produced.
