Analysis the Appropriate using Standard Costing Applying in Land Cost Component of Real Estate Development Activities: A Case Study of PT Subur Agung

Authors

  • Elfrida Yanti Bina Nusantara University

DOI:

https://doi.org/10.21512/bbr.v2i1.1147

Keywords:

cost, business, developer, manufacture, project

Abstract

Standard cost is generally used by manufacturing business, which direct material, labor, and factory overhead are cleared allocated. On real estate business in this case PT Subur Agung use standard cost based on three costs, raw land, land improvement and interest expense categories instead of direct material, direct labor and overhead. Developer use these cost to predict the project cost and estimate the pre-selling price, in accordance with the cost estimation classification matrix, the variance range is in the expected accuracy rate by testing the variance percentage between standard cost and actual cost. The additional similar projects in PT Subur Agung also follow the same scope. All these evidences have proved the appropriate using standard costing in land cost component of real estate development activities but how it applies this article will analyze in this particular project with using descriptive and exploratory method. The analysis started by knowing the conceptual situation of PT Subur Agung and the data was presented in tables and calculation with detail explanation. 

Dimensions

Plum Analytics

Author Biography

Elfrida Yanti, Bina Nusantara University

jurusan Management

References

Bhimani, A. (1996). Management accounting: European perspectives (7th ed.). New York: Oxford University Press.

Christensen, P., & Burton, D. J. (2003). AACE International Recommended Practice. New York: McGraw-Hill.

Kinney, M. R., & Railborn, C. A. (2005). Cost accounting: foundations and evolutions (2th ed.). New York: Pearson Education International.

Mnich, C. (2006). Introduction to SAP Real Estate Management. SAP AG. Retrieved May 7, 2010 from http://www.tacook.co.uk/media/pdf/00063_pre15.pdf

Newell, M. W. (2005). Preparing for the project management professional (PMP) Certification Exam (3th ed.). Boston: McGraw Hill.

Yin, R. K. (2003). Case study research (3rd ed.). Thousand Oaks, CA: Sage Publications.

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Published

2011-05-30
Abstract 435  .
PDF downloaded 947  .