Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price
This study aims to find out the cost of production completely and using the process costing method, then determine the selling price of the product using the cost plus pricing approach. The data sources used are primary and secondary data. The data used is descriptive quantitative research. The ana...
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| Format: | Article |
| Language: | English |
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Program Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia
2024-12-01
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| Series: | Jurnal Ilmu Keuangan dan Perbankan |
| Online Access: | https://ojs.unikom.ac.id/index.php/jika/article/view/13933 |
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| _version_ | 1846100144928325632 |
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| author | Mukti Prasaja Rufaidho Dwi Lestari Aan Nurrohman |
| author_facet | Mukti Prasaja Rufaidho Dwi Lestari Aan Nurrohman |
| author_sort | Mukti Prasaja |
| collection | DOAJ |
| description |
This study aims to find out the cost of production completely and using the process costing method, then determine the selling price of the product using the cost plus pricing approach. The data sources used are primary and secondary data. The data used is descriptive quantitative research. The analysis technique used in this study is descriptive with a quantitative approach, with stages namely grouping data based on cost classification, calculating the cost of production with the process costing method, calculating the selling price with the cost-plus pricing approach, and comparing the calculation of MSMEs Tenun Ikat Medali Mas with the researcher's calculation. This study's results show that the production cost is lower than that of average MSMEs. This indicates the company's ability to accurately calculate the production cost to enhance the company's efficiency.
Keywords: Cost of Production; Selling Price; Process costing; Cost-plus Pricing; MSMEs
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| format | Article |
| id | doaj-art-0a0fbfcef2c94e378b5b69d67cdeb284 |
| institution | Kabale University |
| issn | 2089-2845 2655-9234 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Program Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia |
| record_format | Article |
| series | Jurnal Ilmu Keuangan dan Perbankan |
| spelling | doaj-art-0a0fbfcef2c94e378b5b69d67cdeb2842024-12-30T14:07:22ZengProgram Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer IndonesiaJurnal Ilmu Keuangan dan Perbankan2089-28452655-92342024-12-01141Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling PriceMukti Prasaja0Rufaidho Dwi Lestari1Aan Nurrohman2Politeknik Negeri MadiunPoliteknik Negeri MadiunPoliteknik Negeri Madiun This study aims to find out the cost of production completely and using the process costing method, then determine the selling price of the product using the cost plus pricing approach. The data sources used are primary and secondary data. The data used is descriptive quantitative research. The analysis technique used in this study is descriptive with a quantitative approach, with stages namely grouping data based on cost classification, calculating the cost of production with the process costing method, calculating the selling price with the cost-plus pricing approach, and comparing the calculation of MSMEs Tenun Ikat Medali Mas with the researcher's calculation. This study's results show that the production cost is lower than that of average MSMEs. This indicates the company's ability to accurately calculate the production cost to enhance the company's efficiency. Keywords: Cost of Production; Selling Price; Process costing; Cost-plus Pricing; MSMEs https://ojs.unikom.ac.id/index.php/jika/article/view/13933 |
| spellingShingle | Mukti Prasaja Rufaidho Dwi Lestari Aan Nurrohman Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price Jurnal Ilmu Keuangan dan Perbankan |
| title | Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price |
| title_full | Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price |
| title_fullStr | Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price |
| title_full_unstemmed | Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price |
| title_short | Optimizing the Cost of Process as a Decision-Making Tool to Determine the Selling Price |
| title_sort | optimizing the cost of process as a decision making tool to determine the selling price |
| url | https://ojs.unikom.ac.id/index.php/jika/article/view/13933 |
| work_keys_str_mv | AT muktiprasaja optimizingthecostofprocessasadecisionmakingtooltodeterminethesellingprice AT rufaidhodwilestari optimizingthecostofprocessasadecisionmakingtooltodeterminethesellingprice AT aannurrohman optimizingthecostofprocessasadecisionmakingtooltodeterminethesellingprice |