Abstract
Process-cost analysis involves the implementation of appraisal procedures at each stage of adding value, which is considered as the main source of achieving the interests of personnel, owners and the state. The main goal of this study is to verify the existing methodological approaches to assessing the labor productivity of personnel in processing organizations of the agro-industrial complex, to assess the dynamic ratio of productivity and wages, based on methodologically justified assessment procedures that ensure the implementation of the advantages of process-cost analysis and eliminate the disadvantages of traditional methods. In order to improve the analytical suitability of the results of the process-cost analysis of labor results, three areas of key stakeholders’ interest are identified, for each of which corrective operations are provided that provide not only the possibility of a retrospective analysis, but also predicting the possibility of parity of interests. Based on the results obtained, it was concluded that the share of value added in total revenues is low, the level of wages is unreasonable and, consequently, significant disparities in the distribution of value added. The inconsistency of the criterial assessment of the dynamic ratio of labor productivity and its payment in modern conditions has been proved.
Highlights
The development of the economy in general and the processing organizations of the agroindustrial complex, in particular, is associated with the need to increase labor productivity.This position is not in doubt and is confirmed in many domestic and foreign studies carried out at the macro and micro levels with an emphasis on various essential characteristics of this aspect, including the factors that determine its level and dynamics [1]
To neutralize the influence of the time factor in calculating the mass of value added for the purpose of assessing labor productivity, we propose the following algorithm [5]: 1) establish a balance of production of finished products, determine the share of finished products of the reporting and previous periods in the sales volume of the reporting period; 2) determine the amount of income for the main and other types of activities for the reporting period; 3) determine the amount of material costs attributable to products sold in the reporting period; 4) determine the amount of depreciation charges attributable to products sold in the reporting period; 5) deduct from the total income of the reporting period:
Consideration of labor results in the context of process-cost business analysis made it possible to substantiate the need to analyze the level, dynamics and proportions of the distribution of value added between personnel, owners and the state
Summary
The development of the economy in general and the processing organizations of the agroindustrial complex, in particular, is associated with the need to increase labor productivity. This position is not in doubt and is confirmed in many domestic and foreign studies carried out at the macro and micro levels with an emphasis on various essential characteristics of this aspect, including the factors that determine its level and dynamics [1]. © The Authors, published by EDP Sciences. The principle support of this ratio is expressed under the assumption that the amount of remuneration is at a sufficient level to ensure the necessary motivation of personnel for highly productive work and the development of the labor component
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
