How to find output
Video: Functions- Inputs & Outputs 2024, July
Determining the volume of manufactured and sold products is one of the main tasks that every economist must be able to solve. After all, this indicator, calculated in dynamics, allows us to conclude the pace of economic and industrial development of the enterprise.
Instruction manual
1
Remember that the volume of production can be measured by various indicators. They are natural, shareware and value. Natural indicators include pieces, tons, cubic meters, liters, etc. Conditionally-natural indicators are used to summarize the volume of various types of homogeneous products. For example, fuel production in terms of conventional fuel, production of materials in terms of conventional brick, etc.
2
In order to find the total volume of production, use cost indicators. The most important of them are commercial products and gross output. Commercial products - products manufactured for sale outside the enterprise. This indicator is calculated on the basis of gross output by subtracting from it the value of work in progress and semi-finished products. Gross output is the cost of all finished products and semi-finished products made for a certain period from the customer’s own materials and materials, minus finished products and semi-finished products consumed in the production process.
3
In a simplified form, you can determine the volume of manufactured products in value terms by multiplying the number of manufactured products in physical terms by the number of units of production and the selling price. If the products are heterogeneous, then the calculation will be a little more complicated. To do this, find the volume of each batch of products in monetary terms and add the resulting volumes.
4
If you need to compare the volume of output for different periods of time, then you have to bring them to a comparable form, i.e. calculate at comparable prices. They can be found through the inflation rate (consumer price index). To do this, multiply the number of manufactured products by the price index of a particular year.
