What is it about?
Calculation of production costs when there is an error resulting in improper pricing. The calculation method should consist of direct material cost, direct labor costs and production overhead costs. Therefore able to calculate accurately and precisely.
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Why is it important?
We design a production cost calculation using a cost model which includes direct material cost, direct labor costs and production overhead costs. The design results are calculated more accurately than traditional methods which there is no direct calculation of labor costs.
Perspectives
The cost calculation design in this research was for a plastic woven sack manufacturer using the traditional calculation method, unable to reflect the actual production cost. The researcher therefore designed the correct and appropriate calculation method.
Thitiwat Chuinthanom
Chulalongkorn University
Read the Original
This page is a summary of: Production Cost Analysis of Plastic Woven Sack Manufacturer, August 2020, ACM (Association for Computing Machinery),
DOI: 10.1145/3416028.3416038.
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