Title: ANALYSIS ON THE VARIANCE OF RAW MATERIAL AND DIRECT LABOR COST TOWARD STANDARD COST TO INCREASE THE PROFIT OF OUTFIX_OUTFIT (A READY-MADE GARMENT COMPANY IN MALANG)
Abstract:This research is based on the fact that business competition has become more complex. Companies are trying to survive in their business. One of the strategies that can be taken is controlling producti...This research is based on the fact that business competition has become more complex. Companies are trying to survive in their business. One of the strategies that can be taken is controlling production cost for efficiency. Standard cost is the cost incurred to produce one unit of product. It is determined at the beginning of the period. Standard cost becomes a benchmark for production cost control to achieve production cost efficiency. The objectives of this research are (1) to identify the control of raw material cost and direct labor cost and (2) to describe and analyze the applied standard cost. The steps of data analysis are (1) determining the standard cost of raw materials and direct labor, (2) comparing standard production cost and actual production cost, and (3) analyzing the difference between standard production cost and actual production cost, if any. Keywords: Standard Cost, Production CostRead More
Publication Year: 2017
Publication Date: 2017-08-18
Language: en
Type: article
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