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PRODUCT COSTING
The plant will be constructed by the beginning of 2020, with the consideration of
medium capacity and a few equipment.
The production capacity is at 6.7 tons per day, calculated through benchmarking as
well as demand-driven approach.
The calculation for the capital cost estimation is conducted using the Modular Guthrie
method, with the formula as the following.
1000
800
600
400
200
0
2006 2008 2010 2012 2014 2016 2018
Year
Through the data obtained, the trend of index growth over time can be observed. It is
acceptable to be linear, with the value of R2 close to unity. Hence the mathematical model
representing index value over time can be formulated as follow.
𝐼𝑛𝑑𝑒𝑥 𝑣𝑎𝑙𝑢𝑒 = 23.694 𝑌𝑒𝑎𝑟 − 46164
The model is then used to obtain index value of specific time in the future by linear
extrapolation described as follow.
Table 2.2 Extrapolating Result Determining Index Value in Year 2018-2020
The index value of year 2019 and 2020 provides comparison factor for the FOB price of
equipment in 2019 and 2020. In other word, the price of equipment in year 2020 can be estimated
by the price of equipment gotten in 2019. The estimation of FOB price of equipment in 2020 are
tabulated as follow.
Table 2.3. FOB Price of Equipment in 2020
2019 2020
equipment FOB Price FOB Price FOB Price FOB Price
(USD) (IDR) (USD) (IDR)
Centrifugal
Separator 17910 256532989.5 18163.47216 260163585.3
Milk Mixer 14000 200528300 14198.13569 203366286.7
Milk
Pasteurizer 2680 38386846 2717.928832 38930117.73
Two Stage
Homogenizer 4500 64455525 4563.686472 65367735
Cooling
Vessel 10000 143234500 10141.52549 145261633.3
Cooling Heat
Exchanger
Stage 1&2 5000 71617250 5070.762747 72630816.67
Ageing
Storage Tank 20000 286469000 20283.05099 290523266.7
Continuous
Freezing
Tank 10000 143234500 10141.52549 145261633.3
Packaging
and Sealer 8000 114587600 8113.220395 116209306.7
Belt
Conveyor 10000 143234500 10141.52549 145261633.3
The FOB price will be adjusted in order to get the total cost needed until the equipment can
operate normally. A term bare module factor provides an estimation of FOB price plus all factors
needed such as piping, instrumentation, electrical, painting, and additional components.
For the equipment to product loxy healthy ice cream, bare module factor is used only for high
shear in-line mixer and mixing tank. Bare module factor for mixing tank is ranging from 1.5 to
1.9. Since the price spent after FOB purchase for that two equipment is only for piping and
pumping, the lower limit value from the range is used. Filling machine and labeling machine do
not require additional cost except for shipping. For the other equipment, the price listed is the
installed cost. The cost estimation for all equipment are tabulated as the following.
The plant will operate at Kawasan Industri Citeureup, Bogor, West Java with the excessive
total are of 10.494 m2. The buildings are mainly classified as the main plant site, the offices, RnD
Facility, Storage Warehouse, the Praying Room and Canteen, and also the Parking Area. The Main
Plant site consists of the unloading zone where suppliers unload the raw materials, storage tank to
store the raw materials, separator, mixer, pasteurizer, homogenizers, cooling vessel, ageing tanks,
freezing and mixing tank, filler and labeler, boxing zone, controlling room, quality assurance
room, and the loading area.
The land cost is calculated by the price provide for industrial area in Kawasan Industri
Citeureup, Bogor at the value of IDR 2.500.000 per m2. The price per are of building for plant and
storage sectial and standard semi-housing section is estimated to be IDR 1.500.000 per m2 and
1.300.000 per m2 respectively.
Request for
7 compulsory Per request 1,000,000 1 1,000,000
licensing
Request for
general list
8 Per request 300,000 0 0
excerpts of
patents
Request for
9 copies of patent Per sheet 10,000 0 0
documents
TOTAL PATENT COST 4,000,000
Working capital investment refers to the cost needed to start the manufacture process. It
includes all operating cost expended until the project gets the first revenue. After the revenue is
obtained, the calculation of capital investment is over and operating cost starts to be calculated.
The assumption used for calculation is that the plant will operate in a full month before the
first revenue is obtained. In this one-month operation, all the operating cost is calculated. The
calculation of working capital investment is tabulated as the following.
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