Tabel 6.3 Modal Kerja No.
Jenis US
Rp. Total Rp.
1. Persediaan bahan baku
910,716 -
8.027.965.817 2.
Persediaan bahan dalam proses 18.046
8.353.471 170.603.165
3. Persediaan Produk
4.859.208 2.205.316.409 45.039.235.442
4. Extended Credit
10.249.595 -
90.746.851.449 5.
Available Cash 4.859.208 2.205.316.409
45.039.235.442
Working Capital Investment WCI 20.942.133 4.418.986.290 189.023.891.315
Total Capital Investment TCI
= FCI + WCI = Rp 447.857.740.308, -
6.3 Biaya Produksi Total Total Production Cost
6.3.1 Manufacturing Cost
6.3.1.1 Direct Manufacturing Cost DMC
Tabel 6.4 Direct Manufacturing Cost No.
Jenis US
Rp. Total Rp.
1. Harga Bahan Baku
910.716 -
8.027.965.817 2.
Gaji Pegawai -
2.994.000.000 2.994.000.000
3. Supervisi
- 1.584.000.000
1.584.000.000 4.
Maintenance 1.358.626 4.402.080.825
16.018.369.430 5.
Plant Supplies 203.794
606.312.124 2.402.755.414
6. Royalty Patent
6.176.757 -
54.448.110.869 7.
Utilitas -
6.137.882.428 6.137.882.428
Direct Manufacturing Cost DMC 8.649.893 15.364.275.337 99.613.083.959
6.3.1.2 Indirect Manufacturing Cost IMC
Tabel 6.5 Indirect Manufacturing Cost No.
Jenis US
Rp. Total Rp.
1. Payroll Overhead
- 598.800.000
598.800.000 2.
Laboratory -
598.800.000 598.800.000
3. Plant Overhead
- 2.395.300.000
2.395.300.000 4.
Packaging 46.943.351
- -
Indirect Manufacturing Cost IMC 46.943.351 3.592.800.000 417.398.442.606
6.3.1.3 Fixed Manufacturing Cost FMC
Tabel 6.6 Fixed Manufacturing Cost No.
Jenis US
Rp. Total Rp.
1. Depresiasi
1.940.894 5.774.401.719 22.883.384.889
2. Property Tax
388.179 1.154.880.236 4.576.676.980
3. Asuransi
388.179 557.440.118
3.999.236.862
Fixed Manufacturing Cost FMC 2.717.252
7.506.721.533 31.459.298.741
Total Manufacturing Cost TMC = DMC + IMC + FMC
= Rp 91.613.083.959 + 417.398.442.606 + 31.459.298.741 = Rp 540.470.825..306, -
6.3.2 General Expense GE
Tabel 6.7 General Expense No.
Jenis US
Rp. Total Rp.
1. Administrasi
- 4.956.000.000
4.956.000.000 2.
Sales 37.060.541
- 326.668.665.216
3. Research
3.458.984 -
30.490.942.087 4.
Finance 2.055.884
1.775.024.267 19.897.638.073
General Expense GE 42.575.408
6.756.024.267 382.058.245.376
Biaya Produksi Total TPC = TMC + GE
= Rp 540.470.825.306 + Rp 382.058.245.376 = Rp. 922.529.070.682, -
6.4 Keuntungan Produksi
Penjualan selama 1 tahun : Anilin
= US 123.535.135 = Rp. 1.088.962.217.385, -
Biaya produksi total = Rp. 922.529.070.682, -
Keuntungan sebelum pajak = Rp 166.433.146.703
Pajak = 25 dari keuntungan = Rp 41.608.286.676 www.pajak.go.id 2010
Keuntungan setelah pajak = Rp 124.824.860.027, -
6.5 Analiasa Kelayakan
1. Profit on Sales POS
POS sebelum pajak = 15,28 POS setelah pajak
= 11,46
2. Return on Investment ROI
ROI sebelum pajak = 72,73 ROI setelah pajak
= 54,55
3. Pay Out Time POT
POT sebelum pajak = 1,2 tahun POT setelah pajak
= 1,5 tahun
4. Break Event Point BEP
Besarnya BEP untuk pabrik Anilin ini adalah 49,33
5. Shut Down Point SDP
Besarnya SDP untuk pabrik Anilin ini adalah 39,26
6. Discounted Cash Flow DCF
Tingkat bunga simpanan di Bank Mandiri
adalah 6,5 www.bankmandiri.co.id, 2011, dari perhitungan nilai DCF yang
diperoleh adalah 39,30 .
Tabel 6.8 Analisis kelayakan
