Gross output refers to the generalizing indicators of the results of the economic activity of the organization. It characterizes the volume of production of an enterprise in monetary terms. The cost of gross production is calculated as follows.
It is necessary
Accounting data for the period under review (Balance sheet, Profit and loss statement)
Determine the cost of products manufactured by all divisions of the enterprise for the analyzed period (gross product turnover). For the calculation, use the data of the financial statements. Find the cost of manufactured and sold products for the period on line 020 "Cost of products" of the Profit and Loss Statement.
Find the cost of work in progress at the beginning and end of the analyzed period according to the financial statements. In the Balance Sheet, these figures are entered in lines 130 "Construction in progress" and 213 "Costs in work in progress". Determine on line 214 of the balance sheet "Finished goods and goods for resale" the value of the balances of finished goods at the beginning and end of the reporting period.
Calculate the gross turnover of products manufactured by all divisions for the period (BO). To the sum of the balances of finished goods and work in progress at the end of the period, add the cost of goods sold and subtract the sum of the balances of finished goods and work in progress at the beginning of the period. The calculation algorithm follows from the formula for calculating the balance of active accounts at the end of the period: Balance at the beginning + Income for the period - Expense for the period = Balance at the end of the period.
Determine according to the accounting data the cost of products manufactured by the divisions of the enterprise for their own needs (AC). Review the receipt documents or acts of work performed from the auxiliary sites for the reporting period. For its own needs, an enterprise, for example, can produce containers or perform work on capital and current repairs of buildings.
Calculate the cost of the gross output of the enterprise for the period according to the formula: VP = VO - BC, where VP is the estimated value of the cost of gross output, VO is the gross turnover of all products of the enterprise for the reporting period, BC is the cost of products manufactured by the enterprise for its own needs. Calculate this figure for the same period last year. Conduct a comparative analysis, draw conclusions about the trends in production volumes of the enterprise.