Summary of 25 de octubre de 2022

00:00:00 - 00:25:00

In the "25 de octubre de 2022" video, Francisco Accounting teacher explains the costs of production and sales. He explains that indirect costs, such as depreciation, insurance, and wages, are common in business. To calculate these costs, he uses an example of a machine that produces one type of product. He then discusses how to determine an indirect cost based on the number of units produced. Finally, he discusses how to calculate the cost of a single machine using a prorated approach.

• 00:00:00 In this video, Accounting teacher Francisco discusses the costs of production and sales. He explains that indirect costs, such as depreciation, insurance, and wages, are common in business. To calculate these costs, he uses an example of a machine that produces one type of product. He then discusses how to determine an indirect cost based on the number of units produced. Finally, he discusses how to calculate the cost of a single machine using a prorated approach.
• 00:05:00 In this video, Diego explains the concept of "costs and production" by providing an example of how to calculate an overall cost of production for a certain type of machinery. He also mentions a formula for calculating this cost, which is based on an organization's accounting records.
• 00:10:00 In this video, 7, the main points to consider when creating a catalog of accounts, including cost and expense categories, are introduced. The main points of a catalog of accounts are: the name of the entity, the period covered, the currency used, and the category of the expense. Finally, the importance of having correct accounts, including a catalog of accounts, is stressed. Next, a video on account categories is presented. Accounts can be divided into expenses and costs. Expenses are what we pay for wages and salaries, known as mano de obra, and indirect costs, such as depreciation. Costs of production, also known as cost of goods sold, comprise the cost of materials used in production, as well as production costs and the cost of finished goods. The final category is sales, which includes the cost of goods sold and the cost of goods delivered.
• 00:15:00 In this video, I explain how to calculate the cost of producing a product, by starting with the initial inventory of materia prima (materials used in production) and adding the cost of purchasing additional materia prima. My final inventory is 57,500 pesos, which I can use throughout the production period.
• 00:20:00 In this YouTube video, a business owner discusses their business' progress and how they plan to bring in money through product sales. They mention that in order to produce the finished product, they need to begin by bringing in materials and equipment costs. They then mention that they also have to account for labor costs, which come to 10,000 pesos per month. Finally, they mention that they also need to keep an eye on their inventory, as it can total 500,000 pesos by the end of the year.
• 00:25:00 This video explains how to calculate the cost of production, cost of sales, and profit for a business. The producer explains that in order to calculate the cost of production, we need to subtract the inventory of finished products from the inventory of materials and products in process. The cost of production is then divided by the number of products produced to obtain the cost of production per unit. The cost of sales is then calculated by subtracting the cost of production from the total sales. Finally, the producer explains that the profit is the difference between the cost of sales and the cost of production.