Evaluación del impacto financiero por la falta de implementación de un sistema de costos por órdenes de producción en la empresa “Creaciones Edwin´s JR.” Durante el período del año 2020-2021.

Abstract

This research report aims to analyze the effects caused by the lack of a cost system by production orders in the company “Creaciones Edwin´s Jr.” for the period of the year 2020-2021, relating the raw material, labor, indirect manufacturing costs until the determination of its costs, sale price and profitability. Through the interviews conducted with the manager and the accountant, it will be possible to confirm or not, whether the adoption of a cost system for production orders in the company would improve its profitability. In the collection of information, it results in the fact that the lack of an accounting system causes the lack of reliable data from the records and accounting criteria. This generates losses in materials, unproductive time and making it difficult to identify costs and expenses. This could lead to a loss of competitiveness in the market in which the company participates. On the other hand, management empirically determines costs, prices and profitability.