Cost Price Analysis Using Full Costing and Activity-Based Costing in Sari Gurih Pak Cipto Tofu Production SMEs
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Published:
Jun 30, 2024
Keywords:
Cost of Goods Manufactured, Activity Based Costing, fullcosting, managerial accounting, SMEs Accounting
Section
Articles
Statistics Article
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Abstract
Improper determination of the cost of goods manufactured can impact the setting of product selling prices and overall business profits. This study aims to evaluate how the cost of goods produced is determined using the company’s method, the full costing method, and the activity-based costing method, and to identify which method is the most effective. The research was conducted at UMKM Tahu Sari Gurih Pak Cipto, located in Gemantar Rt 01/Rw 02, Gemantar, Selogiri, Wonogiri. The study employs both full costing and activity-based costing methods, using a descriptive quantitative approach with observation and interviews. Primary data were collected directly from the business owner. The findings indicate that the company’s method resulted in a cost of goods produced of Rp 16,841.67, the full costing method resulted in Rp 17,481.79, and the activity-based costing method resulted in Rp 16,336.11. Among the three methods, activity-based costing proved to be the most effective, as it yielded the lowest cost of goods produced.
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How to Cite
Guritno, L. P., & Zai, S. N. P. (2024). Cost Price Analysis Using Full Costing and Activity-Based Costing in Sari Gurih Pak Cipto Tofu Production SMEs. Indonesia Accounting Research Journal, 11(4), 242–249. Retrieved from https://journals.iarn.or.id/index.php/Accounting/article/view/318
References
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Arini12, E., & Muda, I. (2024). The Role of Strategic Management Accounting and Strategic Cost Management in Information System. Afr. J. Bio. Sc, 6(10), 2187–2663.
Asni, N., Anto, L. O., & Febriansyah, S. (2024). Penerapan Activity Based Costing Dalam Menetapkan Uang Kuliah Tunggal (Studi pada Institut Agama Islam Negeri Kendari). Accessed: Apr, 16.
Azar, A., & Khadivar, A. (2012). A Neural Network Model for Activity-Cost Relationship Estimation in Performance-based Budgeting. Planning and Budgeting, 17(2), 7–38.
Bakhodirovich, K. B. (2023). CONCEPTUAL FOUNDATIONS OF IMPROVING ACCOUNTING IN SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP. IMRAS, 6(6), 161–165.
Baviga, R. (2021). Penerapan Metode Activity-Based Costing System Dalam Menentukan Besarnya Tarif Jasa Rawat Inap: Studi Kasus pada RSUD Mayjen HA Thalib Kerinci. Bussman Journal: Indonesian Journal of Business and Management, 1(3), 371–401.
Borges, P., Alves, M. do C., & Silva, R. (2024). The Activity-Based Costing System Applied in Higher Education Institutions: A Systematic Review and Mapping of the Literature. Businesses, 4(1), 18–38.
Drelichowski, L. (2012). Evaluation of the efficiency of integrated ERP systems and business intelligence tools based on the diagnostic cases in the MSE sector. Information Systems in Management, 1(1), 14–24.
Febriana, T., Dunakhir, S., & Masnawaty, S. (2024). Analysis of Accounting Information System Implementation Cash Expenditures for Official Travel Costs at The Large Hall of South Sulawesi Teacher Drivers. Muhasabatuna: Jurnal Akuntansi Syariah, 6(1), 163–172.
Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2021). Managerial accounting. McGraw-Hill.
Hilton, R. W., & Platt, D. E. (2020). Managerial accounting: creating value in a dynamic business environment. McGraw-Hill.
Ismayeni, L., Nugraha, M., Suryani, S., & Suriyanti, L. H. (2020). Analisis penerapan Activity Based Costing dalam penentuan harga pokok produk pada ud. Bersama. Jurnal Pendidikan Tambusai, 4(1), 598–607.
Marpaung, A. L., Silaban, N., Saribu, A. D., Simamora, D. S., Nababan, S., & Butar-butar, M. A. (2024). Implementasi Activity Based Costing dalam Menentukan Target Costing Sebagai Alternatif Pengendalian Harga Pokok Produksi. Innovative: Journal Of Social Science Research, 4(3), 16781–16791.
Montrone, A., & D’Achille, A. (2013). Activity based costing in banking: reasons for the use and perceived usefulness by Italian banks. In Financial Systems in Troubled Waters (pp. 301–324). Routledge.
Pandey, P., & Pandey, M. M. (2021). Research methodology tools and techniques. Bridge Center.
Prasetyo, H. D., Rahardjo, K. A., Supriadi, I., Kusmayati, N. K., & Wahib, M. (2020). Application In Activity Based Costing (ABC) Calculation of Home Development Cost. Ilomata International Journal of Tax and Accounting, 1(4), 179–184.
Pujiarti, A., Bagul, E., & MM, I. S. S. T. (2019). D. Analisa Penerapan Activity Based Costing dalam Penentuan Harga Pokok Produksi pada Tempe Barokah. Inovasi Manajemen Dan Kebijakan Publik, 2(1), 33–44.
Putri, D. N., Kusuma, M., Lestari, N. T., & Djuanda, G. (2024). PERHITUNGAN BIAYA DENGAN METODE ACTIVITY BASED COSTING UMKM BOLA. Penerbit Tahta Media.
Relina, M., Yulianti, F., & Aristi, M. D. (2020). Analisis Menentukan Harga Pokok Produksi Menggunakan Activity Based Costing Pada Warung Bunda. Research in Accounting Journal (RAJ), 1(1), 108–122.
Rufaidah, F., Karyani, T., Wulandari, E., & Setiawan, I. (2023). A review of the implementation of financial technology (Fintech) in the Indonesian Agricultural Sector: Issues, access, and challenges. International Journal of Financial Studies, 11(3), 108.
Salem, M. S. E., & Mazhar, S. (2014). The benefits of the application of activity based cost system-field study on manufacturing companies operating in Allahabad City-India. IOSR Journal of Business and Management, 16(11), 39–45.
Sánchez-Rebull, M.-V., Niñerola, A., & Hernández-Lara, A.-B. (2023). After 30 Years, What Has Happened to Activity-Based Costing? A Systematic Literature Review. SAGE Open, 13(2), 21582440231178784.
Sari, M. U., Agmallia, R., Burrohman, M., & Suriyanti, L. H. (2022). Analisis Penerapan Activity Based Costing System dalam Penentuan Harga Pokok Produksi Pada UD. Agra Kaca Alumunium. Research in Accounting Journal (RAJ), 2(1), 143–149.
Sinaga, S. O. (2024). Analysis of Determining the Cost of Goods Production Using the Full Costing Method as a Basis for Determining the Selling Price of Rubber Rubber at PT. Sinar Belantara Indah. Luxury: Landscape of Business Administration, 2(1), 26–58.
Wahyuni, S., Ramadhani, S., Adriyani, A., Prihastuti, A. H., & Zainal, R. (2024). Training on Calculation of Cost of Cost of Homemade Yoghurt Production for Mothers Citizens of Labuh Baru Barat Village. Pasundan Community Service Development, 2(1), 13–18.
Zamrud, N. F., & Abu, M. Y. (2020). Comparative study: activity based costing and time driven activity based costing in electronic industry. Journal of Modern Manufacturing Systems and Technology, 4(1), 68–81.
Arini12, E., & Muda, I. (2024). The Role of Strategic Management Accounting and Strategic Cost Management in Information System. Afr. J. Bio. Sc, 6(10), 2187–2663.
Asni, N., Anto, L. O., & Febriansyah, S. (2024). Penerapan Activity Based Costing Dalam Menetapkan Uang Kuliah Tunggal (Studi pada Institut Agama Islam Negeri Kendari). Accessed: Apr, 16.
Azar, A., & Khadivar, A. (2012). A Neural Network Model for Activity-Cost Relationship Estimation in Performance-based Budgeting. Planning and Budgeting, 17(2), 7–38.
Bakhodirovich, K. B. (2023). CONCEPTUAL FOUNDATIONS OF IMPROVING ACCOUNTING IN SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP. IMRAS, 6(6), 161–165.
Baviga, R. (2021). Penerapan Metode Activity-Based Costing System Dalam Menentukan Besarnya Tarif Jasa Rawat Inap: Studi Kasus pada RSUD Mayjen HA Thalib Kerinci. Bussman Journal: Indonesian Journal of Business and Management, 1(3), 371–401.
Borges, P., Alves, M. do C., & Silva, R. (2024). The Activity-Based Costing System Applied in Higher Education Institutions: A Systematic Review and Mapping of the Literature. Businesses, 4(1), 18–38.
Drelichowski, L. (2012). Evaluation of the efficiency of integrated ERP systems and business intelligence tools based on the diagnostic cases in the MSE sector. Information Systems in Management, 1(1), 14–24.
Febriana, T., Dunakhir, S., & Masnawaty, S. (2024). Analysis of Accounting Information System Implementation Cash Expenditures for Official Travel Costs at The Large Hall of South Sulawesi Teacher Drivers. Muhasabatuna: Jurnal Akuntansi Syariah, 6(1), 163–172.
Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2021). Managerial accounting. McGraw-Hill.
Hilton, R. W., & Platt, D. E. (2020). Managerial accounting: creating value in a dynamic business environment. McGraw-Hill.
Ismayeni, L., Nugraha, M., Suryani, S., & Suriyanti, L. H. (2020). Analisis penerapan Activity Based Costing dalam penentuan harga pokok produk pada ud. Bersama. Jurnal Pendidikan Tambusai, 4(1), 598–607.
Marpaung, A. L., Silaban, N., Saribu, A. D., Simamora, D. S., Nababan, S., & Butar-butar, M. A. (2024). Implementasi Activity Based Costing dalam Menentukan Target Costing Sebagai Alternatif Pengendalian Harga Pokok Produksi. Innovative: Journal Of Social Science Research, 4(3), 16781–16791.
Montrone, A., & D’Achille, A. (2013). Activity based costing in banking: reasons for the use and perceived usefulness by Italian banks. In Financial Systems in Troubled Waters (pp. 301–324). Routledge.
Pandey, P., & Pandey, M. M. (2021). Research methodology tools and techniques. Bridge Center.
Prasetyo, H. D., Rahardjo, K. A., Supriadi, I., Kusmayati, N. K., & Wahib, M. (2020). Application In Activity Based Costing (ABC) Calculation of Home Development Cost. Ilomata International Journal of Tax and Accounting, 1(4), 179–184.
Pujiarti, A., Bagul, E., & MM, I. S. S. T. (2019). D. Analisa Penerapan Activity Based Costing dalam Penentuan Harga Pokok Produksi pada Tempe Barokah. Inovasi Manajemen Dan Kebijakan Publik, 2(1), 33–44.
Putri, D. N., Kusuma, M., Lestari, N. T., & Djuanda, G. (2024). PERHITUNGAN BIAYA DENGAN METODE ACTIVITY BASED COSTING UMKM BOLA. Penerbit Tahta Media.
Relina, M., Yulianti, F., & Aristi, M. D. (2020). Analisis Menentukan Harga Pokok Produksi Menggunakan Activity Based Costing Pada Warung Bunda. Research in Accounting Journal (RAJ), 1(1), 108–122.
Rufaidah, F., Karyani, T., Wulandari, E., & Setiawan, I. (2023). A review of the implementation of financial technology (Fintech) in the Indonesian Agricultural Sector: Issues, access, and challenges. International Journal of Financial Studies, 11(3), 108.
Salem, M. S. E., & Mazhar, S. (2014). The benefits of the application of activity based cost system-field study on manufacturing companies operating in Allahabad City-India. IOSR Journal of Business and Management, 16(11), 39–45.
Sánchez-Rebull, M.-V., Niñerola, A., & Hernández-Lara, A.-B. (2023). After 30 Years, What Has Happened to Activity-Based Costing? A Systematic Literature Review. SAGE Open, 13(2), 21582440231178784.
Sari, M. U., Agmallia, R., Burrohman, M., & Suriyanti, L. H. (2022). Analisis Penerapan Activity Based Costing System dalam Penentuan Harga Pokok Produksi Pada UD. Agra Kaca Alumunium. Research in Accounting Journal (RAJ), 2(1), 143–149.
Sinaga, S. O. (2024). Analysis of Determining the Cost of Goods Production Using the Full Costing Method as a Basis for Determining the Selling Price of Rubber Rubber at PT. Sinar Belantara Indah. Luxury: Landscape of Business Administration, 2(1), 26–58.
Wahyuni, S., Ramadhani, S., Adriyani, A., Prihastuti, A. H., & Zainal, R. (2024). Training on Calculation of Cost of Cost of Homemade Yoghurt Production for Mothers Citizens of Labuh Baru Barat Village. Pasundan Community Service Development, 2(1), 13–18.
Zamrud, N. F., & Abu, M. Y. (2020). Comparative study: activity based costing and time driven activity based costing in electronic industry. Journal of Modern Manufacturing Systems and Technology, 4(1), 68–81.
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