1

b. Land Cost
Land is often acquired by a company some time prior to the building of a
manufacturing facility. When a project is committed to be built on this land, the value
of the land becomes part of that facility’s capital investment. PT. Adi Samavin
considers to build the plant at Cikupa, Tangerang. The available space is around 240
m2 with the land price reaches the amount of 3,000,000 IDR (217.76 USD) per square
metric or around 720,000,000 IDR (around 52,200 USD) (rumahdijual.com, Accessed
April 5th, 2018).
Table 2.3 Land Cost

Price per m2 (Rp) Area (m2) Land Cost (Rp)

3,000,000 240 720,000,000
(Source: Gathered from several references)
c. Building Cost
Building Cost is cost to build plant and office as well. But the office is located
inside the plant, so if we construct the plant, the office will be built too. The data of
building cost is taken by contractor in Tangerang, Banten.
Table 2.4 Building Cost

Description Price (Rp) Area (m2) Total Price (Rp)

Building Area (per m2) 3,000,000 200 600,000,000
Foundation 10% from land cost - 72,000,000
Contractors 3% from land cost - 21,600,000
Land Development 5% from land cost - 36,000,000
TOTAL BUILDING COST 729,600,000
(Source: Gathered from several references)
d. Supporting Facilities Investment Cost
A plant and its operation office must provide a decent facilities for its worker so
that they can work optimally and accelerate production process. The amount of these
supporting equipments is determined from the number of employees and their needs.
This includes all sorts of facilities that essential to an office, enhance the comfort of
their work hours and also the facilities that maintain their health, plus any other types
of facilities that we feel necessary to be in our plant and site. Here is the detail of
supporting facilities investment cost:

Universitas Indonesia
 2

Table 2.5 Supporting Facilities Investment Cost

Supporting Equipments Quantity Price (Rp) Total Price (Rp)
Sofa 4 2,000,000 8,000,000.00
Computer (Asus) 5 4,200,000 63,000,000.00
Receptionist Desk 1 2,500,000 2,500,000.00
Air Conditioner 3 5,000,000 25,000,000.00
Dispenser 2 300,000 900,000.00
Printer & Fotocopy Machine 2 10,000,000 20,000,000.00
Office Desk 5 1,000,000 20,000,000.00
Office Chairs 5 250,000 5,000,000.00
Genset 1 200,000,000 400,000,000.00
Locker 3 400,000 1,200,000.00
Meeting Desk and Chair Set 5 6,000,000 18,000,000.00
Cupboards 5 1,200,000 12,000,000.00
Whiteboard 2 300,000 1,500,000.00
Pickup Truck 1 130,000,000 650,000,000.00
telephone 3 500,000 2,500,000.00
Recyle Bin 6 50,000 1,500,000.00
Toilet Set 1 4,000,000 40,000,000.00
First Aid Medicine 3 200,000 1,000,000.00
Carpet for Praying Room 6 350,000 5,250,000.00
CCTV 8 2,500,000 37,500,000.00
Absence Machine 1 200,000 200,000.00
Lamp 28 24,000 1,500,000.00
Internet Router 1 300,000 300,000.00
Projector Set 1 1,300,000 1,300,000.00
Fax Machine 2 1,500,000 3,000,000.00
Total 1,321,150,000.00
(Source: Gathered from several references)
e. Utilities Installation Cost

Universitas Indonesia
 3

Utilities Installation Cost is cost to provide utilities for plant and office. Utilities
needed for plant is water and electricity while utilities for office include water,
electricity, Mtelephone, internet, and hydrants. Here is the detailed about utilities
installation cost.
Table 2.6 Utilities Installation Cost
Installation Cost (Rp)
Telephone Installation 10,000,000
Electricity Installation 50,000,000
Internet Installation 8,000,000
Water Installation 20,000,000
Hydrants Installation 12,000,000
TOTAL 100,000,000
(Source: Gathered from several references)
f. Market Research Cost
Market Research is needed to know market situation when we are going to sell
our product. In the application, market research could be done by conducting a survey,
questionnaire distribution, or hire a consultant service to analyze the market. This
analysis and evaluations from the consumer can help us to improve our product
convenience. The table below shows the detailed cost of market research.
Table 2.7 Market Research Cost

Market Research Activities Price (Rp)

Surveying 10,000,000
Consultant Service 25,000,000
Total 35,000,000
(Source: Gathered from several references)

G. Licensing Cost
Cost of patent registration and maintenance are regulated in Peraturan
Pemerintah No. 45 Tahun 2014. According to the law, the costs that are charged to PT
Padatala Indonesia for D-HEEL production are shown in Table 2.8

Universitas Indonesia
 4

Table 2.8 .Patent fee details

No. Non Tax Revenue Unit Cost (Rp) Qty. Total (Rp)
1 Patent request Per request 750,000 1 750,000
2 Additional cost per claim Per request 50,000 3 150,000
3 Request for letter of Per request 250,000 1 250,000
priority right evidence
4 Substantive inspection Per request 2,000,000 1 2,000,000
5 Cost for publishing Per certificate 250,000 1 250,000
certificates
6 Admission for liceso Per request 1,000,000 1 1,000,000
thense agreement
registration
7 Request for compulsory Per request 3,000,000 1 3,000,000
licensing
8 Request for general list Per request 150,000 60 9,000,000
excerpts of patents
9 Request for copies of Per sheet 10,000 60 600,000
patent documents
TOTAL PATENT COST 17,000,000
(Source: Peraturan Pemerintah No. 45 Tahun 2014)
Table 2.9 shows brand fee cost details which is also based on Peraturan
Pemerintah No. 45 Tahun 2014.

Table 2.9 Brand fee details

No. Non-Tax Revenue Unit Cost (Rp) Qty. Total (Rp)
1 Request for trademark Per request 600,000 1 600,000
registration

Universitas Indonesia
 5

2 Brand license publishing Per 150,000 1 150,000

costs certificate
3 License agreement Per request 500,000 1 500,000
registration
4 Request for official excerpt and written statement about the brand
a. Official excerpt request Per request 150,000 1 150,000
for brand registration
b. Request for written Per request 200,000 1 200,000
statement about the
similarity of a brand with
the registered brand
c. Request for written Per request 200,000 1 200,000
statement about the
similarity of a brand with
the registered brand
5 Cost for proof of priority Per request 250,000 1 250,000
trademark application copy
6 Registration of intellectual Individual 5,000,000 1 5,000,000
property rights
TOTAL BRAND FEE COST 7,050,000
(Source: Peraturan Pemerintah No. 45 Tahun 2014)

The summary of patent and brand fee calculation is shown in Table 2.10
Table 2.10 Licensing Cost
Type of Fee Cost (Rp)
Patent Registration 17,000,000
Brand 7,050,000

Universitas Indonesia
 6

TOTAL LICENSING COST 24,050,000

(Source: Peraturan Pemerintah No. 45 Tahun 2014)

B. Indirect Cost
Indirect Cost is the cost that is not directly involved with the production process.
Things that were categorized as indirect costs are based on the total building cost,
which are : Engineering and supervision cost (4%) , construction expenses (4%),
contractor’s fees (2%), and contingency (5%). The Calculation is done as shown in
Equation below:
Table 2.11 Indirect Costs
Total Building Cost
Component Percentage Total Cost
(Rp)
Engineering and
4% 48,900,000.00
Supervision Cost
Construction 1,222,500,000
4% 48,900,000.00
Expenses
Contractor’s fees 2% 24,450,000.00
Contigency 5% 61,125,000.00
183,375,000.00
Total

(Source: Gathered from several references)

If we calculate all of the fixed capital cost, we will have :

Table 2.12 Fixed Capital Cost

Cost Price (Rp) Total Price (Rp)
Direct Total Equipment Cost 831,457,722 4,804,407,722
Cost Land Cost 1,270,250,000
Building Cost 1,222,500,000

Universitas Indonesia
 7

Supporting Facilities Investment 1,321,150,000

Cost
Utilities Installation Cost 100,000,000
Market Research Cost 35,000,000
Licensing Cost 24,050,000
Indirect Engineering and Supervision Cost 48,900,000.00 183,375,000.00
Cost Construction Expenses 48,900,000.00
Contractor’s fees 24,450,000.00
Contigency 61,125,000.00
Total Permanent Investment Cost (CTPI) 4,987,782,722
Fixed Capital Cost (1,18 x CTPI) 5,885,583,612
(Source: Gathered from several references)

2.1.2 Working Capital

Working capital is the fee paid in the first months of the production process
before the company earns revenue from product sales. The working capital for a
chemical plant consists of the total amount of money invested in raw materials and
supplies carried in stock, accounts receivable, cash kept on hand for monthly payment
of operating expenses, such as salaries, and taxes payable. Cost of working capital
(FW) can be estimated by the formula as in the following equation.
𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐶𝑜𝑠𝑡 = 5% 𝑥 𝐹𝑖𝑥𝑒𝑑 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐶𝑜𝑠𝑡
𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐶𝑜𝑠𝑡 = 5% 𝑥 5,885,583,612
𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐶𝑜𝑠𝑡 = 294,279,181
After that, we can calculate the value of Total Capital Investment (TCI ). The result is
shown below:
Table 2.13 Total Capital Investment
Cost Segmentation Price (Rp)
Fixed Capital 5,885,583,612
Working Capital 294,279,181
Total Capital Investment 6,179,862,793

Universitas Indonesia
 8

(Source: Gathered from several references)

Then we will have Total Capital Investment value is equal to Rp 6,179,862,793.

2.2 Operational Cost

Operational cost can be defined as the expenses for the plant operation and
product distribution. In this sub-chapter, we would like to discuss D-HEEL operational
cost that includes the manufacturing cost and general expenses.
2.2.1 Manufacturing Cost
Manufacturing cost is the sum of all expenses needed to produce the product.
Manufacturing costs are classified into three categories, such as direct materials, direct
labour and manufacturing overhead. Direct material is the cost of the materials which
become part of the finished product. Direct labor can be defined as the cost of wages
of the individuals who are physically involved in converting the raw materials into
finished products. The third category is manufacturing overhead which refers to all
other costs incurred in the manufacturing activity that cannot be directly traced to
physical units in an economically feasible way. This is also known as indirect
manufacturing costs.
2.2.1.1 Direct Production Cost
a) Raw Material
Raw materials are the basic components which must be available in order to produce
D-HEEL. The raw materials of D-HEEL includes glycerol, petrolatum, BHT, salicylic
acid, cetearyl glucoside and sorbitan laurate. Besides, we would also need to consider
the cost of the packaging and the layers of transdermal patch.

Universitas Indonesia
 9

Table 2.14 Cost of Raw Materials Operational Cost

Order/Ye Total Total
ar Price Order Deliver
Raw
per Cost y Cost
Material Supplier Location U
Amo Unit per per
s ni
unt (Rp) Year Year
t
(Rp) (Rp)
Gudang PT.
Indokemika
Jayatama, Green
PT
Sedayu Bizpark 1161. k 4550 528528 929280
Urea Indokemik
Daan Mogot 6 g 0 00 0
a Jayatama
DN2/12,
Cengkareng,
West Jakarta
PT
Jl. Pecenongan
Sumber 1300 119847 929280
Glycerol 82A, Central 921.9 L
Berlian 00 000 0
Jakarta 10120
Kimia
PT
Jl. Pecenongan
Salicylic Sumber k 2880 209088 580800
82A, Central 726
acid Berlian g 00 000 0
Jakarta 10121
Kimia
PT
Jl. Pecenongan
Petrolatu Sumber k 4500 163350 290400
82A, Central 3630
m Berlian g 0 000 00
Jakarta 10122
Kimia
Jl. Pecenongan
Sorbitan PT k 5200 377520 580800
82A, Central 726
laurate Sumber g 00 000 0
Jakarta 10123

Universitas Indonesia
 10

Berlian
Kimia
PT
Jl. Pecenongan
Cetearyl Sumber k 4300 312180 580800
82A, Central 726
glucoside Berlian g 00 000 0
Jakarta 10124
Kimia

Table 2.14 Cost of Raw Materials Operational Cost (cont’d)

Order/Ye Total Total
ar Price Order Deliver
Raw
per Cost y Cost
Material Supplier Location U
Amo Unit per per
s ni
unt (Rp) Year Year
t
(Rp) (Rp)
Butylated PT Jl. Pecenongan 435.6 k 1100 479160 348480
hydroxyl Sumber 82A, Central g 00 00 0
toluene Berlian Jakarta 10125
(BHT) Kimia
Deminer CV. Ruko Artha 5953. L 600 357192 476256
alized HARTEC Niaga block N.4 2 0 00
water HINDO No 16,
INNOVA Jababeka,
TECHNO Bekasi, West
LOGY Java
Acrylic PT Makro Jl. Cikini Raya, 14347 L 8600 123391 116160
Based Rekat Central Jakarta .8 0 0800 000
Adhesive Sekawan 10330
Plastic PT Jl. Taman Palem 14077 - 950 133731 112616
for Sinergy Lestari Blok Y, 01 5950 080

Universitas Indonesia
 11

Packagin Indopack Cengkareng,

g Makmur West Jakarta

Dermal 3M United Building 275- 28 R 3496 979020 108810

Patch States 03-E-10, St. ol 5000 000 895.
Backing Paul, MN USA l
Film
Table 2.14 Cost of Raw Materials Operational Cost (cont’d)
Order/Ye Total Total
ar Price Order Deliver
Raw
per Cost y Cost
Material Supplier Location U
Amo Unit per per
s ni
unt (Rp) Year Year
t
(Rp) (Rp)
Dermal 3M United Building 275- 19 R 7998 151976 738359
Patch States 03-E-10, St. ol 7500 2500 64.64
Matrix Paul, MN USA l
Dermal 3M United Building 275- 21 R 2999 629937 816081
Patch States 03-E-10, St. ol 7000 000 71.4
Release Paul, MN USA l
Liner
TOTAL COST (Rp) 698627 609191
1970 111
b) Direct and Indirect Labour Salary
D-HEEL plan operates 8.5 hours per day and 5 days a week. We classify the
labours into direct and indirect labours. Direct labours are those who are directly
involved in the production process, while indirect labours are not working directly in
the manufacturing process. We obtain the salary guide from Kelly & Intelligence
Corporate Offices 2017 Salary Guide for Indonesia. The minimum regional salary of
Bekasi, West Java, is 3.6 million Rupiah. The tables below show the details of direct
and indirect labour salary respectively.
Table 2.15 Direct Labor Cost

Universitas Indonesia
 12

Salary per month Total Salary

Position Amount (person)
per person (Rp) (Rp)
Quality Controller 5 4,500,000 270,000,000
Warehouseman 2 3,600,000 86,400,000
Driver 2 3,600,000 86,400,000
TOTAL DIRECT LABOR COST 442,800,000
(Source: Kelly & Intellegence Corporate Offices 2017 Salary Guide for Indonesia)
Table 2.16 Indirect Labor Cost

Salary per
Amount month per Total Salary
Department Position
(Person) person (Rp)
(Rp)
President
1 20,000,000 240,000,000
Director
General
1 15,000,000 180,000,000
Stakeholder Manager
Secretary of
President 1 6,500,000 78,000,000
Director

Table 2.16 Indirect Labor Cost (cont’d)

Salary per
Amount month per Total Salary
Department Position
(Person) person (Rp)
(Rp)
Finance
Accounting 1 20,000,000 240,000,000
Finance Department Manager
Accounting
1 15,000,000 180,000,000
Analyst

Universitas Indonesia
 13

Security 1 6,500,000 78,000,000

General Support & Receptionist 1 12,500,000 150,000,000
Service
Cleaning
1 8,000,000 96,000,000
Service
Production
2 3,600,000 86,400,000
Coordinator

QC Manager 2 4,000,000 96,000,000

Production Department Supply Chain

Management 3 3,600,000 129,600,000
Manager
Logistic
1 12,500,000 150,000,000
Manager
Human
HRD Department Resources 1 12,500,000 150,000,000
Manager

Table 2.16 Indirect Labor Cost (cont’d)

Salary per
Amount month per Total Salary
Department Position
(Person) person (Rp)
(Rp)

HES Department HES Manager 1 12,500,000 150,000,000

Marketing and
1 12,500,000 150,000,000
Sales and Marketing Sales Manager
Department Marketing
1 5,500,000 66,000,000
Communication

Universitas Indonesia
 14

Sales /
1 4,500,000 54,000,000
Promotor
Electrical
1 7,000,000 84,000,000
Maintenance Engineer
Department Mechanical
1 7,000,000 84,000,000
Engineer

TOTAL INDIRECT LABOR COST 2,364,000,000

(Source: Kelly & Intellegence Corporate Offices 2017 Salary Guide for Indonesia)
Based on the calculation above, the total wages for direct labours is and for
indirect labours is Rp 442,800,000.00 and for direct labour is Rp 2,364,000,000.00.
Thus the annual expenses would be Rp 2,806,800,000.00.
c) Utility
Utility can be defined as the supporting system that helps the industry to keep
operating. It includes electricity, water, steam, etc. In this plant, we only need
electricity and water to stay operating. Our electricity is supplied from PLN which has
specific range of price according to the tariff group. The power limit and price for each
tariff group is shown on the table below.
Table 2.17 Price for Electricity Based on Tariff Group
Usage Cost
No. Tariff Group Power Limit
(Rp/kWh)

1 R-1/TR 1300 VA 1467.28

2 R-1/TR 2200 VA 1467.28

3 R-2/TR 3500 - 5500 VA 1467.28

4 R-3/TR > 6600 VA 1467.28

5 B-2/TR 6600 VA - 200 kVA 1467.28

6 B-3/TM > 200 kVA 1114.74

Universitas Indonesia
 15

7 I-3/TM > 200 kVA 1114.74

8 I-4/TT > 30,000 kVA 996.74

9 P-1/TR 6600 VA - 200 kVA 1467.28

10 P-2/TM > 200 kVA 1114.74

11 P-3/TR - 1467.28

12 L/TR, TM, TT - 1644.52

(Source: PLN Data)

Our factory is categorized as middle scale industry, therefore utilizes the
electricity in tariff group I-3/TM which has the usage cost per kWh set to Rp 1114,74
The two tables below show the total cost for the electricity of all equipment.

Universitas Indonesia
 16

Table 2.18 Total Electricity Cost for Main Equipments

Total
Power Working Total Power/Week Total Cost/year
Equipments Qty Power/year
(kW) Time/Week (h) (kWh) (Rp)
(kWh)

Mixer FMC-100 2 1.5 5 7.5 390 434748.6

Mixer FMC-150 1 1.5 10 15 780 869497.2

Hockmeyer Mixer
1 18.5 5 92.5 4810 5361899.4
GMK LDH-200L
Drug to Patch
1 2 45 90 4680 5216983.2
Loader Machine

Packaging Machine 1 1.72 15 25.8 1341.6 1495535.184

Slurry Pump 3 10 5 50 2600 2898324

Total Electricity Cost for Main Equipments 16,276,987.00

(Source: Gathered from several sources)

Universitas Indonesia
 17

Table 2.19 Total Electricity Cost for Supporting Equipment

Total Total Total
Power Working
Equipments Qty Power/day Power/year Cost/year
(kW) Time/day (h)
(kWh) (kWh) (Rp)
Computer 15 0.3 8.5 2.55 673 750,443
Printer & Photocopy Machine 1 0.5 8.5 4.25 1,122 1,250,738
Fax Machine 2 0.02 8.5 0.17 45 50,030
Air Conditioner 5 0.75 9 6.75 1,782 1,986,467
Projector Set 1 0.2 4 0.8 211 235,433
CCTV 15 0.025 24 0.6 158 176,575
Absence Machine 1 0.75 9 6.75 1,782 1,986,467
Long Neon Lamp 20 0.018 9 0.162 43 47,675
Internet Router 1 0.006 8.5 0.051 13 15,009
Dispenser 3 0.35 9 3.15 832 927,018
TOTAL ELECTRICITY COST FOR SUPPORTING EQUIPMENTS 7,425,854
(Source: Gathered from several sources)

Universitas Indonesia
 18

Besides the electricity, water is another supporting component which is highly

needed in our plant. Based on research, human needs 3 litre of water a day for drinking
and 20 litre per day to do other activities like toilet use, etc. For equipment cleansing,
we generalize each equipment to need 10 litre of water per day. The water supplier is
PDAM which costs Rp 5.175,00 / m3 of water. Water which is used for drinking costs
Rp 20.000,00 / 19 litre.
Table 2.20 Total Cost for Water per Year
Water Needs L / day m3/year Total Cost for Water/year (Rp)
Mixer Cleansing 40 10.56 54648
Drinking water (41 people) 123 32.472 34181052.63
Other needs of employee 820 216.48 1120284
(41 people)
TOTAL COST FOR WATER PER YEAR 35355984.63
(Source: Gathered from several references)
Based on the calculation, we know that the total cost for water per year is Rp
35.355.984,63. Therefore the total utility cost would be:
𝑇𝑜𝑡𝑎𝑙 𝐶𝑜𝑠𝑡 𝑓𝑜𝑟 𝑈𝑡𝑖𝑙𝑖𝑡𝑦 = 𝑇𝑜𝑡𝑎𝑙 𝐶𝑜𝑠𝑡 𝑓𝑜𝑟 𝐸𝑙𝑒𝑐𝑡𝑟𝑐𝑖𝑡𝑦 + 𝑇𝑜𝑡𝑎𝑙 𝐶𝑜𝑠𝑡 𝑓𝑜𝑟 𝑊𝑎𝑡𝑒𝑟
= (1675387.584 + 764,342) + 35355984.63
= Rp 37,795,714
d) Maintenance Cost
Maintenance cost is defined as the costs incurred to keep an item in good
condition or good working order. Maintenance activity can be done by repairing,
adjusting, or replacing part of the equipment that is not working properly. There are
few types of maintenance, such as preventive maintenance, predictive maintenance and
corrective maintenance. Maintenance is categorized into three main classifications,
such as major equipment maintenance, supporting equipment maintenance and plant
and office building maintenance. The cost per year of each component is 15% of total
bare module cost for main equipment, 3% of supporting facilities cost for supporting
equipment and 1% of land and building cost for land and building. The table below

Universitas Indonesia
 19

shows the total maintenance cost per year for D-HEEL factory. As seen on the table,
the total cost would be Rp 189,279,658.
Table 2.21 Total Maintenance Cost per Year

Cost per Year

Maintenance Amount (Percentage)
(Rp)
15 % of Total Bare Module
Main Equipment 124,718,658
Cost
3% of Supporting Facilities
Supporting Equipment 39,634,500
Cost
Land and Building 1% of Land and Building Cost 24,926,500
TOTAL MAINTENANCE COST PER YEAR (Rp) 189,279,658
(Source: Gathered from several references)
e) Patent and Brand Registration
Patent is defined as government authority conferring a right or title for a set
period in using or selling an invention. Our product has to be registered first to have
the patent so other people will not be able to use them freely because it is against the
law. Besides that, the other law-related essentials are the copyright, industrial design
and brand. Shown below the cost for each essential.
Table 2.22 Total Cost for Patent

Patent Cost (Rp)

Year 2 850,000

Year 3 850,000

Year 4 850,000
Year 5 1,300,000
Year 6 1,950,000

Year 7 2,600,000

Table 2.22 Total Cost for Patent (cont’d)

Patent Cost (Rp)

Universitas Indonesia
 20

Year 8 3,250,000
Year 9 4,250,000
Year 10 5,750,000
TOTAL 21,650,000
(Source : Peraturan Pemerintah No.45 Tahun 2014)
Copyright
Table 2.23 Total Cost for Copyright

Copyright Cost (Rp)

Copyright Registration 200,000

Copyright Certificate Publishing Cost 100,000

Copyright Quotes Registration 50,000

Copyright License Administration 75,000
TOTAL 425,000
(Source : Peraturan Pemerintah No.45 Tahun 2014)

Industrial Design
Table 2.24 Total Cost for Industrial Design

Industrial Design Cost (Rp)

Industrial Design Registration 600,000

Industrial Design General List of Quotes Request 150,000

Industrial Design Certificate Publishing Cost 150,000

Industrial Design Priority Document Request 150,000
Industrial Design Copy of Document Request 150,000

Industrial Design License Administration 250,000

TOTAL 1,450,000
(Source : Peraturan Pemerintah No.45 Tahun 2014)

Brand
Table 2.25 Total Cost for Brand

Brand Cost (Rp)

Universitas Indonesia
 21

Brand Publishing Cost 600,000

Lengthening Time of Brand Protection 2,000,000

Brand Certificate Publishing Cost 200,000

License Administration 500,000
Official Brand Quotes Request 200,000

Written Notes of General List of Brand Request 200,000

TOTAL 3,700,000
(Source : Peraturan Pemerintah No.45 Tahun 2014)

f) Fixed Cost
Fixed costs are the ones that will not change due to the amount of production.
They are fixed each year. Fixed costs include depreciation, local tax and insurance.
Depreciation
Depreciation is known as an accounting method of allocating the cost of a
tangible asset over its useful life. It can also be said that it is a measure of the decrease
in value of something over time. Depreciation is used by company to set aside a fund
to replace a plant when it is no longer operable. The calculation is based on the
government federal income tax determination. For the D-HEEL product, we will use
the declining-balance method. The formula is shown below:
D1  Vi . f

SV  Vi 1  f 
n

where f is the factor to the value of properties each year, D is the depreciation and SV
is the salvage value for each year. In this case, the f factor that we are using is in the
amount of 10%.

Universitas Indonesia
 22

Table 2.26 Total Depreciation for Main Equipment

Initial Value Year 1 Year 2 Year 3 Year 4
Equipments
(Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
Mixer FMC-100 41,059,641 4,105,964 36,953,677 3,695,367.69 33,258,309 3,325,830.92 29,932,478 2,993,247.83 26,939,230
Mixer FMC-150 61,589,461 6,158,946 55,430,515 5,543,051.49 49,887,463 4,988,746.34 44,898,717 4,489,871.71 40,408,845
Hockmeyer Mixer GMK LDH-
205,298,203 20,529,820 184,768,383 18,476,838.2 166,291,544 16,629,154.4 149,662,390 14,966,239.0 134,696,151
200L

Drug to Patch Loader Machine 123,178,922 12,317,892 110,861,030 11,086,102.98 99,774,927 9,977,492.68 89,797,434 8,979,743.41 80,817,691

Packaging Machine 82,119,281 8,211,928 73,907,353 7,390,735.29 66,516,618 6,651,661.76 59,864,956 5,986,495.58 53,878,460
Slurry Pump 6,843,273 684,327 6,158,946 615,894.57 5,543,051 554,305.11 4,988,746 498,874.60 4,489,871

TOTAL DEPRECIATION 52,008,878 46,807,990 42,127,191 37,914,472

Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

D (Rp) D (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
2,693,923.05 2,693,923.05 2,424,530.74 21,820,777 2,182,077.67 19,638,699 1,963,869.90 17,674,829 1,767,482.91 15,907,346 1,590,734.62 14,316,612
4,040,884.54 4,040,884.54 3,636,796.08 32,731,165 3,273,116.47 29,458,048 2,945,804.83 26,512,243 2,651,224.34 23,861,019 2,386,101.91 21,474,917

13,469,615.1 13,469,615.1 12,122,653.59 109,103,882 10,910,388.23 98,193,494 9,819,349.41 88,374,145 8,837,414.47 79,536,730 7,953,673.02 71,583,057

8,081,769.07 8,081,769.07 7,273,592.17 65,462,329 6,546,232.95 58,916,097 5,891,609.65 53,024,487 5,302,448.69 47,722,038 4,772,203.82 42,949,834

5,387,846.03 5,387,846.03 4,849,061.42 43,641,553 4,364,155.28 39,277,398 3,927,739.75 35,349,658 3,534,965.78 31,814,692 3,181,469.20 28,633,223
448,987.14 448,987.14 404,088.43 3,636,796 363,679.58 3,273,116 327,311.63 2,945,805 294,580.46 2,651,224 265,122.42 2,386,102

30,710,722 34,123,025 27,639,650 24,875,685 22,388,117 20,149,305

Universitas Indonesia
 23

Table 2.27 Total Depreciation for Supporting Equipment

Initial
Year 1 Year 2 Year 3 Year 4 Year 5
Equipments Value
(Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
Sofa 2,000,000 200,000 1,800,000 180,000.00 1,620,000 162,000.00 1,458,000 145,800.00 1,312,200 131,220.00 1,180,980
Computer (Asus) 4,200,000 420,000 3,780,000 378,000.00 3,402,000 340,200.00 3,061,800 306,180.00 2,755,620 275,562.00 2,480,058
Receptionist Desk 2,500,000 250,000 2,250,000 225,000.00 2,025,000 202,500.00 1,822,500 182,250.00 1,640,250 164,025.00 1,476,225
Air Conditioner 5,000,000 500,000 4,500,000 450,000.00 4,050,000 405,000.00 3,645,000 364,500.00 3,280,500 328,050.00 2,952,450
Dispenser 900,000 90,000 810,000 81,000.00 729,000 72,900.00 656,100 65,610.00 590,490 59,049.00 531,441
Printer &
Photocopy 10,000,000 1,000,000 9,000,000 900,000.00 8,100,000 810,000.00 7,290,000 729,000.00 6,561,000 656,100.00 5,904,900
Machine
Office Desk 1,000,000 100,000 900,000 90,000.00 810,000 81,000.00 729,000 72,900.00 656,100 65,610.00 590,490
Office chairs 250,000 25,000 225,000 22,500.00 202,500 20,250.00 182,250 18,225.00 164,025 16,402.50 147,623
Genset 200,000,000 20,000,000 180,000,000 18,000,000.00 162,000,000 16,200,000.00 145,800,000 14,580,000.00 131,220,000 13,122,000.00 118,098,000
Locker 400,000 40,000 360,000 36,000.00 324,000 32,400.00 291,600 29,160.00 262,440 26,244.00 236,196
Meeting Desk and
6,000,000 600,000 5,400,000 540,000.00 4,860,000 486,000.00 4,374,000 437,400.00 3,936,600 393,660.00 3,542,940
Chair Set
Cupboards 1,200,000 120,000 1,080,000 108,000.00 972,000 97,200.00 874,800 87,480.00 787,320 78,732.00 708,588
Whiteboard 300,000 30,000 270,000 27,000.00 243,000 24,300.00 218,700 21,870.00 196,830 19,683.00 177,147
Pickup Truck 130,000,000 13,000,000 117,000,000 11,700,000.00 105,300,000 10,530,000.00 94,770,000 9,477,000.00 85,293,000 8,529,300.00 76,763,700
Telephone 500,000 50,000 450,000 45,000.00 405,000 40,500.00 364,500 36,450.00 328,050 32,805.00 295,245
Recycle Bin 50,000 5,000 45,000 4,500.00 40,500 4,050.00 36,450 3,645.00 32,805 3,280.50 29,525
Toilet Set 4,000,000 400,000 3,600,000 360,000.00 3,240,000 324,000.00 2,916,000 291,600.00 2,624,400 262,440.00 2,361,960
First Aid Medicine 200,000 20,000 180,000 18,000.00 162,000 16,200.00 145,800 14,580.00 131,220 13,122.00 118,098
Carpet for Praying
350,000 35,000 315,000 31,500.00 283,500 28,350.00 255,150 25,515.00 229,635 22,963.50 206,672
Room

Table 2.27 Total Depreciation for Supporting Equipment (cont’d)

Universitas Indonesia
 24

Year 6 Year 7 Year 8 Year 9 Year 10

23,619.60 212,576 21,257.64 191,319 19,131.88 172,187 17,218.69 154,968 15,496.82 139,471

354,294.00 3,188,646 318,864.60 2,869,781 286,978.14 2,582,803 258,280.33 2,324,523 232,452.29 2,092,071

70,858.80 637,729 63,772.92 573,956 57,395.63 516,561 51,656.07 464,905 46,490.46 418,414
17,714.70 159,432 15,943.23 143,489 14,348.91 129,140 12,914.02 116,226 11,622.61 104,604
7,676,370.00 69,087,330 6,908,733.00 62,178,597 6,217,859.70 55,960,737 5,596,073.73 50,364,664 5,036,466.36 45,328,197
29,524.50 265,721 26,572.05 239,148 23,914.85 215,234 21,523.36 193,710 19,371.02 174,339
2,952.45 26,572 2,657.21 23,915 2,391.48 21,523 2,152.34 19,371 1,937.10 17,434
236,196.00 2,125,764 212,576.40 1,913,188 191,318.76 1,721,869 172,186.88 1,549,682 154,968.20 1,394,714
11,809.80 106,288 10,628.82 95,659 9,565.94 86,093 8,609.34 77,484 7,748.41 69,736

20,667.15 186,004 18,600.44 167,404 16,740.39 150,664 15,066.35 135,597 13,559.72 122,037

147,622.50 1,328,603 132,860.25 1,195,742 119,574.23 1,076,168 107,616.80 968,551 96,855.12 871,696
11,809.80 106,288 10,628.82 95,659 9,565.94 86,093 8,609.34 77,484 7,748.41 69,736
4,428.68 39,858 3,985.81 35,872 3,587.23 32,285 3,228.50 29,057 2,905.65 26,151
17,714.70 159,432 15,943.23 143,489 14,348.91 129,140 12,914.02 116,226 11,622.61 104,604
76,763.70 690,873 69,087.33 621,786 62,178.60 559,607 55,960.74 503,647 50,364.66 453,282
88,573.50 797,162 79,716.15 717,445 71,744.54 645,701 64,570.08 581,131 58,113.07 523,018

22,127,137 19,914,423 17,922,981 16,130,683 14,517,614

Universitas Indonesia
 25
Table 2.27 Total Depreciation for Supporting Equipment (cont’d)

Initial
Year 1 Year 2 Year 3 Year 4 Year 5
Equipments Value
(Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
CCTV 2,500,000 250,000 2,250,000 225,000.00 2,025,000 202,500.00 1,822,500 182,250.00 1,640,250 164,025.00 1,476,225
Absence Machine 200,000 20,000 180,000 18,000.00 162,000 16,200.00 145,800 14,580.00 131,220 13,122.00 118,098
Long Neon Lamp 75,000 7,500 67,500 6,750.00 60,750 6,075.00 54,675 5,467.50 49,208 4,920.75 44,287
Internet Router 300,000 30,000 270,000 27,000.00 243,000 24,300.00 218,700 21,870.00 196,830 19,683.00 177,147
Projector Set 1,300,000 130,000 1,170,000 117,000.00 1,053,000 105,300.00 947,700 94,770.00 852,930 85,293.00 767,637
Fax Machine 1,500,000 150,000 1,350,000 135,000.00 1,215,000 121,500.00 1,093,500 109,350.00 984,150 98,415.00 885,735
TOTAL
37,472,500 33,725,250 30,352,725 27,317,453 24,585,707
DEPRECIATION
Year 6 Year 7 Year 8 Year 9 Year 10
D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
118,098.00 1,062,882 106,288.20 956,594 95,659.38 860,934 86,093.44 774,841 77,484.10 697,357
248,005.80 2,232,052 223,205.22 2,008,847 200,884.70 1,807,962 180,796.23 1,627,166 162,716.61 1,464,449
147,622.50 1,328,603 132,860.25 1,195,742 119,574.23 1,076,168 107,616.80 968,551 96,855.12 871,696
295,245.00 2,657,205 265,720.50 2,391,485 239,148.45 2,152,336 215,233.61 1,937,102 193,710.24 1,743,392
53,144.10 478,297 47,829.69 430,467 43,046.72 387,420 38,742.05 348,678 34,867.84 313,811

590,490.00 5,314,410 531,441.00 4,782,969 478,296.90 4,304,672 430,467.21 3,874,205 387,420.49 3,486,784

59,049.00 531,441 53,144.10 478,297 47,829.69 430,467 43,046.72 387,420 38,742.05 348,678
14,762.25 132,860 13,286.03 119,574 11,957.42 107,617 10,761.68 96,855 9,685.51 87,170
11,809,800.00 106,288,200 10,628,820.00 95,659,380 9,565,938.00 86,093,442 8,609,344.20 77,484,098 7,748,409.78 69,735,688

Table 2.28 Total Depreciation for Building

Universitas Indonesia
 26

Initial Value Year 1 Year 2

Equipments
(Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
Building 1,222,500,000 122,250,000 1,100,250,000 110,025,000.00 990,225,000

TOTAL DEPRECIATION 122,250,000 110,025,000

Year 3 Year 4 Year 5

D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
99,022,500.00 891,202,500 89,120,250.00 802,082,250 80,208,225.00 721,874,025

99,022,500 89,120,250 80,208,225

Year 6 Year 7 Year 8 Year 9 Year 10

D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp) D (Rp) SV (Rp)
72,187,402.50 649,686,623 64,968,662.25 584,717,960 58,471,796.03 526,246,164 52,624,616.42 473,621,548 47,362,154.78 426,259,393

72,187,403 64,968,662 58,471,796 52,624,616 47,362,155

Universitas Indonesia
 27

Due to the calculation above, the total depreciation for a life expectancy of
10 years is shown on the table below.
Table 2.29 Total Depreciation Cost for 10 Years Life Expectancy

Year Depreciation (Rp)

1 211,731,378
2 190,558,240
3 171,502,416
4 154,352,175
5 138,916,957
6 125,025,261
7 112,522,735
8 101,270,462
9 91,143,416
10 82,029,074
TOTAL DEPRECIATION 1,379,052,115

Local Tax
The tax used is based on the government’s law. Local tax inclues building
and salary tax. Building tax consists of the tax for the building as well as for the
land. Show below the tax calculation for building and salary tax.
Table 2.30 Cost for Building Tax

Description Area (m2) Price (Rp) Total Price (Rp)

NJOP Earth 650 3,750,000 2,437,500,000
NJOP Building 500 2,000,000 1,000,000,000
Total NJOP 3,437,500,000
NJOPTKP 12,000,000
NJOP for PBB 3,425,500,000
NJKP (40% NJOP) 1,370,200,000
Debted PBB (0.5 NJKP) 6,851,000

Salary tax is compulsory to be paid by all workers. The tax value is based
on UU No.36 Year 2008.

Universitas Indonesia
 28

Table 2.31 Cost for Salary Tax

Salary per
Amount Bruto Position Net Income Net Income Taxable Salary Tax
Position month per Insurance
(person) Income Cost per Month per Year Income Per Year
person (Rp)
President
1 30,000,000 900,000 30,900,000 1,545,000 29,355,000 381,615,000 331,615,000 16,580,750
Director
General
1 20,000,000 600,000 20,600,000 1,030,000 19,570,000 254,410,000 228,075,000 11,403,750
Manager
Secretary of
President 1 6,500,000 195,000 6,695,000 334,750 6,360,250 82,683,250 56,348,250 2,817,413
Director
Finance
Accounting 1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625
Manager
Accounting
1 8,000,000 240,000 8,240,000 412,000 7,828,000 101,764,000 75,429,000 3,771,450
Analyst
Security 2 3,600,000 108,000 3,708,000 185,400 3,522,600 45,793,800 19,458,800 1,945,880
Receptionist 2 4,000,000 120,000 4,120,000 206,000 3,914,000 50,882,000 24,547,000 2,454,700
Cleaning
3 3,600,000 108,000 3,708,000 185,400 3,522,600 45,793,800 19,458,800 2,918,820
Service
Production
1 10,000,000 300,000 10,300,000 515,000 9,785,000 127,205,000 100,870,000 5,043,500
Coordinator

Position Amount Salary per Insurance Bruto Position Net Income Net Income Taxable Salary Tax
(person) month per Income Cost per Month per Year Income Per Year
person (Rp)
QC Manager 1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625

Universitas Indonesia
 29

Supply Chain
Management 1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625
Manager
Logistic
1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625
Manager
Human
Resources 1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625
Manager
HES Manager 1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625
Marketing and
1 15,000,000 450,000 15,450,000 772,500 14,677,500 190,807,500 164,472,500 8,223,625
Sales Manager
Marketing
1 5,500,000 165,000 5,665,000 283,250 5,381,750 69,962,750 43,627,750 2,181,388
Communication
Sales /
1 4,500,000 135,000 4,635,000 231,750 4,403,250 57,242,250 30,907,250 1,545,363
Promotor
Electrical
1 8,000,000 240,000 8,240,000 412,000 7,828,000 101,764,000 75,429,000 3,771,450
Engineer
Total Salary Tax 115,771,288

Based on the calculation, the total tax is Rp 122,622,288.00

Insurance
The paid insurance consists of insurance for cost of plant and for employee. The data for the employee’s tax is from Jamsostek (Jaminan
Pemeliharaan Kesehatan). The measurement value for plant insurance is 1% from fixed cost and employee’s insurance measurement value
worths 3% of salary.
Table 2.32 Total Cost for Insurance

Universitas Indonesia
 30

Insurance Type Measurement Amount Annual Cost

Plant Insurance 1% of Fc Cost 5,331,143,222 26,655,716
Employee's Insurance 3% of Salary 2,806,800,000 84,204,000
Total Insurance 110,859,716

Universitas Indonesia
 31

Universitas Indonesia