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How to calculate the total industrial output value

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How to calculate the total industrial output value

1. Industrial GDP = product output of the current month × Product sales unit price

sales unit price is the unit price excluding tax, because VAT itself does not represent income

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2. Gross industrial product = main business income of the current month + ending balance of inventory goods – opening balance of inventory goods

sales income of the current month = sales quantity of the current month × Sales unit price of the current month

ending balance of inventory goods = ending quantity of inventory goods × Sales unit price of the current month

opening balance of inventory goods = opening quantity of inventory goods × Sales unit price of the current month

(1) replace the total industrial output value with product sales revenue or production cost

(2) not following the principle of production (the product is not produced by the enterprise)

(3) the difference between semi-finished products and work in progress at the end of the period and the beginning of the period is missing

extension data

gross industrial output value includes: value of finished products produced in the current period, income from external processing fees, self-made semi-finished products and opening balance of products in process at the end of the period

1. The value of finished products produced in the current period refers to the sum of the value of all industrial finished products and semi-finished products sold to the outside world that are produced in the current period and do not need to be processed in the reporting period

2. Foreign processing fee income refers to the processing fee income from the processing of industrial products (including products processed with materials supplied by the orderer) completed by the enterprise during the reporting period, and the processing fee income from industrial operations undertaken externally

3. The difference between self-made semi-finished products and products in process at the end of the period and the beginning of the period refers to the difference value of self-made semi-finished products and products in process at the end of the reporting period minus the beginning of the period. The accounting of this indicator is consistent with the accounting caliber of each enterprise. The value of this part can be ignored for enterprises without semi-finished product account, and the calculation of product output statistics and intermediate input should also maintain the same caliber

reference source: Baidu Encyclopedia – total industrial output value

calculation formula:

gross industrial output value = value of finished products produced in the current period + income from external processing fees + self-made semi-finished products + difference between the end of the period and the beginning of the period

calculation principle:

(I) principle of industrial production

that is, all the final products produced and labor services provided by the enterprise during the reporting period shall be included. The final products, whether sold or not during the reporting period, should be included as long as they are produced during the reporting period. Products not produced industrially shall not be included in the gross industrial output value

(II) principle of final product

that is, the value of the finished products produced by the enterprise must be the final products produced by the enterprise and passed the inspection without any further processing. The semi-finished products sold by the enterprise shall also be regarded as final products and included in the total industrial output value. The semi-finished products and work in progress transferred by each workshop in the enterprise can only calculate the difference value between the end of the period and the beginning of the period

(III) principle of “factory law”

that is, the total industrial output value is calculated by taking the legal person industrial enterprise as a whole, which is the total value of the final products produced and labor services provided during the reporting period

expanded data

gross industrial output value is the total amount of industrial products produced by industrial enterprises in the reporting period. According to the different prices for calculating the total industrial output value, the total industrial output value is divided into the total industrial output value of current price and the total industrial output value of constant price. The total industrial output value of constant price refers to that when calculating the total industrial output value of different periods, the ex factory price of industrial products in the same period or at the same time point is used as the constant price for the same product, also known as w fixed price. The use of constant price to calculate the total industrial output value is mainly used to eliminate the impact of price changes

gross industrial output value = products produced in the current period * market sales price. If the calculation is very complex in practice, it can be simplified as

gross industrial output value = current main business income + market price of ending inventory goods – market price of opening inventory goods

the approximate calculation method is gross industrial output value = current main business income + cost price of ending inventory goods – cost price of opening inventory goods. Of course, this is inaccurate, However, often the difference rate will not exceed the allowable range.

I.
total industrial output value

calculation formula
1. Product
output of the current month
× Product sales
unit price

2. Current month
main business income
+ ending balance of inventory goods – opening balance of inventory goods

II.
industrial added value

the first is the production method, industrial added value =
Industrial
total output value – industrial intermediate input + value-added tax payable in the current period

the second is the
income method
,
Industrial added value =
depreciation of fixed assets
+
remuneration of workers
+ net production tax + operating surplus

the latter calculation method is adopted by general enterprises.

the total industrial output value is calculated according to the annual production of each product * the annual average unit price of each sales, excluding output tax. The calculation method of the total industrial output value of an enterprise should remain unchanged throughout the year.

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