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CALCULATION OF PRODUCTION COSTS USING JOB ORDER COSTING METHOD TO IMPROVE PROFIT ACCURACY AT LIDYA FURNITURE

PERCIPIENCE International Journal of Social, Administration, & Entrepreneurship

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Title CALCULATION OF PRODUCTION COSTS USING JOB ORDER COSTING METHOD TO IMPROVE PROFIT ACCURACY AT LIDYA FURNITURE
 
Creator Widayawati, Eny
 
Subject —
job order costing, cost of production
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Description This study aims to compare production costs at Lidya Furniture SMEs by calculating the principle of production costs using the Order Cost Method. Data was collected through observation, interviews, and documentation. Furthermore, the data were analyzed using qualitative methods. While the calculation method used in this study is the job order costing method or the cost of goods ordered. Based on the results of the analysis, the difference in the calculation of the cost of production is due to Lidya Furniture not identifying and detailing the elements of the cost of production, so that the cost of production calculated by Lidya Furniture is lower than using the job order costing method. We recommend that Lidya Furniture should correct the calculation of the cost of production according to the Order Cost Method, namely costing by calculating and identifying raw material costs, direct labor costs, and overhead costs so that the selling price determined can be accurate so as to increase profits.
 
Publisher University of Islam Malang
 
Contributor —
 
Date 2022-03-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://riset.unisma.ac.id/index.php/PERCIPIENCE/article/view/15695
 
Source PERCIPIENCE International Journal of Social, Administration, & Entrepreneurship; Vol 2, No 1 (2022): PERCIPIENCE; 30-38
 
Language eng
 
Relation http://riset.unisma.ac.id/index.php/PERCIPIENCE/article/view/15695/11928
http://riset.unisma.ac.id/index.php/PERCIPIENCE/article/downloadSuppFile/15695/2164
 
Rights Copyright (c) 2022 ENY WIDAYAWATI
http://creativecommons.org/licenses/by-sa/4.0