DETERMINAN TOTAL BIAYA PRODUKSI TERHADAP EFISIENSI DAN PROFITABILITAS: ANALISIS BERBASIS EKONOMI MANAJERIAL PADA PERUSAHAAN MANUFAKTUR

Windisari Windisari; Abyyah  Nawal

doi:10.58174/sydkbw72

Authors

Windisari Windisari Universitas Pamulang
Abyyah Nawal Universitas Pamulang

DOI:

https://doi.org/10.58174/sydkbw72

Keywords:

Total Biaya Produksi; Efisiensi Operasional; Profitabilitas; Ekonomi Manajerial; Manufaktur, Total Production Cost; Operational Efficiency; Profitability; Managerial Economics; Manufacturing

Abstract

Total production cost is the most determinant component in shaping the operational efficiency and profitability of manufacturing companies amid a global competition that continuously intensifies pressure on profit margins. This study aims to analyze the effect of total production cost components — comprising direct raw material costs, direct labor costs, and manufacturing overhead — on operational efficiency and profitability of manufacturing companies within a contemporary managerial economics framework. The research employs a quantitative descriptive-associative approach using panel data from 50 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period, analyzed using Fixed Effect Model (FEM) panel data regression with comprehensive classical assumption testing. Results confirm that total production cost has a significant negative effect on operational efficiency (β = −0.438; p < 0.001) and profitability proxied through ROA (β = −0.507; p < 0.001) and ROE (β = −0.374; p < 0.001), with manufacturing overhead proven as the most destructive component on efficiency. The model has predictive power of 67.3 percent for operational efficiency and 59.1 percent for ROA. The study affirms that total production cost management integrated with data-driven managerial decision systems is a fundamental prerequisite for achieving sustainable efficiency and profitability.

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