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Practical Product-Specific Cost Accounting (Excel Template Provided)

We provide an Excel template and instructional video for calculating product costs for your company. Ready for immediate practical application.

(5.0) 1 reviews

8 learners

  • dymanagementlab
실습 중심
cost reduction
Accounting
Excel

What you will gain after the course

  • cost price

  • Cost accounting

  • Product cost

DY Management Research Institute

(Director Ryu Dae-young, Ph.D. in Business Administration/Management Consultant (Finance))

I am Ryu Dae-young, who operates 'DY Management Research Institute' on YouTube and Naver Blog.

Based on my company experience and business administration studies, I want to help those working in related practical fields. I provide a very practical approach that can immediately help across cost accounting, management, accounting, finance, business planning, investment attraction, and overall management. If you want to collaborate on the courses I've uploaded or in my areas of expertise, please contact me via email!


※ Area of Expertise:

  • Management/cost consulting, business feasibility review, financial business plan establishment, management simulation, financial projection establishment for investment attraction.

  • Excel practical training, Excel data visualization, work efficiency improvement using Excel. We'll cut your work time in half.

  • I welcome lecture requests, work requests, and Q&A related to specialized fields and YouTube videos.



※ Product-specific Cost Calculation

Many of you who run small and medium-sized enterprises or work as cost managers in SMEs are probably experiencing significant difficulties because you cannot perform product-specific cost calculations. (I think this is probably the case for most large corporations as well.)


If you cannot accurately calculate costs by product, problems can arise in pricing decisions for each product, which can also become problematic for implementing the company's (sales, business, etc.) strategies. You need to know the cost of each product to set prices accordingly and execute strategies... If cost calculation by product is not possible, nothing can be pursued accurately. You end up executing strategies almost blindfolded, making success or failure depend almost entirely on luck.


Based on my practical cost accounting experience and studies, I created this Excel file to help manufacturing companies easily calculate product costs using Excel.


If you use this Excel to calculate the cost by product for your company, I am confident that it will be of great help in developing your company's strategy.



※ Structure of this material:


1. Data Preparation for Product-Specific Cost Calculation


1) Sales Performance Summary

- Organized based on quantity × unit price for each product

- Organized based on 6-month, 1-year performance or 1-year plan (recommended)

- Since there can be variations in production volume and costs over a 1-month period, we set a wider range


2) Monthly Cost Breakdown

- Organized based on 1-month average (average of 6-month/1-year performance/1-year plan)

- Because monthly settlements are usually done


3) BOM/Material Cost Organization

- Material cost calculation by part number

- Unit price by raw material part number

- Material costs by product


2. Product-specific Cost Calculation

- Implement cost calculation by product

- Product total quantity-based cost calculation and unit cost calculation

- Approach based on the nature of fixed/variable costs


3. Volume Change Simulation


* Please refer to the attached photo for details.







Recommended for
these people

Who is this course right for?

  • Cost Accountant

  • Accounting manager

Need to know before starting?

  • Accounting

  • Cost accounting

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3 lectures ∙ (48min)

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  • mars7님의 프로필 이미지
    mars7

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    제품원가계산을 실무에서 사용하는 엑셀자료를 통해 배울수 있어서 아주 소중한 시간이었습니다. 이론이 아닌 실무 엑셀자료에 의한 내용이라서 너무 좋은 강의였습니다!

    • DY경영연구소
      Instructor

      좋은 평가와 댓글 감사합니다. 제 공부와 경험을 바탕으로 만든 강의입니다. 제 강의와 자료가 하시는 일에 도움이 되시기를 바랍니다. 감사합니다.

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