Input Data

Data-Data yang Di Butuhkan

1 Investasi Rp 89,110,000
2 Biaya Operasional Rp -
3 Biaya Tetap (Fixed Cost) Rp 72,241,000
4 Biaya Variabel (Variabel Cost) Rp 83,252,000
5 Kapasitas Produksi 32760
6 Keuntungan Yang Diinginkan 20%
7 Nilai (A/P, i, n) 0.2296
8 Suku Bungan Bank Daerah (BRI, BNI, dll) 10%
9 Inflasi Daerah 1.94%
10 Jangka Waktu Pinjaman (N) 5
11 Dana Awal Rp -
12 Nilai (P/A, i, n) 3.7908
13 Bunga (I1) 9%
14 Nilai P/A berdasarkan Bunga (I1) dan tahun N 3.8897
15 Bunga (I2) 12%
16 Nilai P/A berdasarkan Bunga (I2) dan tahun N 3.6048
17 Annual Cost Rp 155,493,000
t Data
Hasil
1 Break Even Point (BEP)
BEP (Rp) Rp 125,319,403.4
BEP (Unit) 21247
2 Benefit Cost Rasio (BCR) 2.0
3 Pay Back Period (PBP) 4.8
4 Minimum Atractive Rate of Return (MARR) 12.13%
5 Net Present Value (NPV) Rp 66,566,784
6 Internal Rate Return (IRR) 27.11%
Rupiah
Bungkus
Layak
Tahun
Persen
Layak
Layak
 Aspek Finansial
Investasi Rp 89,110,000
Biaya Operasional Rp -

Biaya Tetap (Fixed Cost) Rp 72,241,000

Biaya Variabel (Variable Cost) Rp 83,252,000 .+
Total Biaya Produksi Rp 155,493,000

Kapasitas Produksi = 32760 bks/tahun

total biaya produksi

Harga Pokok Produksi(HPP) =
kapasitas produksi

Rp 155,493,000
Harga Pokok Produksi(HPP) =
32760

Harga Pokok Produksi(HPP) = Rp 4,746.429 ./500 gr/bks

Harga Pokok Produksi(HPP) = Rp 5,000 ./500 gr/bks
Penentual Harga Jual
Keuntungan yang di inginkan = 20%
Harga Jual = HPP + (% keuntungan x HPP)
Harga Jual = Rp 5,000 .+ ( 0.20 x Rp 5,000 )
Harga Jual = Rp 5,000 .+ ( Rp 1,000 )
Harga Jual = Rp 6,000 ./500 gr/bks

Total Penjualan per Tahun = Harga jual x kapasitas produksi

Total Penjualan per Tahun = Rp 196,560,000

Biaya Variabel
Biaya Variabel/unit =
Kapasitas Produksi

Rp 83,252,000
Biaya Variabel/unit =
32760
Biaya Variabel/unit = Rp 2,541
Biaya Variabel/unit = Rp 2,600
 Break Even Point (BEP)

Total Fixed Cost

BEP (Rp) = BEP (Unit) =
Variabel Cost
1-
Total Penjualan

Rp 72,241,000
BEP (Rp) =
Rp 83,252,000 BEP (Unit) =
1-
Rp 196,560,000

Rp 72,241,000
BEP (Rp) =
BEP (Unit) =
1- Rp 0.42

Rp 72,241,000
BEP (Rp) = BEP (Unit) =
Rp 0.58

BEP (Rp) = Rp 125,319,403

EP)

Total Fixed Cost

Harga Jual/Unit - Variabel Cost/Unit

Rp 72,241,000

Rp 6,000 - Rp 2,600

Rp 72,241,000

Rp 3,400

21247 bungkus
 Benefit Cost Rasio (BCR)
Annual Cost (AC) = Rp 155,493,000 Benefit
Annual Benefit (AB) = Rp 196,560,000 BCR =
Cost

Benefit = AB - AC
Benefit = Rp 41,067,000 Rp 41,067,000
BCR =
Cost = I (A/P, i, n) Rp 20,459,656
Cost = Rp 89,110,000 x 0.2296
Cost = Rp 20,459,656 BCR = 2.007

Ket : BCR > 1 = Layak

 Pay Back Period (PBP)
Biaya Investasi = Rp 89,110,000
Biaya Produksi = Rp 155,493,000 .+
Total Rp 244,603,000
Dana Awal = Rp - .-
Pinjaman (sisa) = Rp 244,603,000

Suku Bunga Bank = 10%

Inflasi = 1.94%

Jangka Waktu Pinjaman (N) = 5 Tahun

Pinjaman
1. Pokok pinjaman =
N
Rp 244,603,000
.=
5
.= Rp 48,920,600

2. Suku bunga = sisa x % suku bunga

.= Rp 244,603,000 x 10%
.= Rp 24,460,300

3. Jumlah = sisa + suku bunga

.= Rp 244,603,000 .+ Rp 24,460,300
.= Rp 269,063,300

4. Angsuran = pokok pinjaman + bunga bank

.= Rp 48,920,600 .+ Rp 24,460,300
.= Rp 73,380,900

5. Sisa = jumlah .- angsuran

.= Rp 269,063,300 .- Rp 73,380,900
.= Rp 195,682,400

Proyeksi Perhitungan Laba-Rugi

1. Laba Kotor = hasil penjualan - total biaya produksi
 .= Rp 196,560,000 .- Rp 155,493,000
.= Rp 41,067,000

2. Laba Bersih = laba kotor - (laba kotor x PPH 5%)

.= Rp 41,067,000 .- Rp 2,053,350
.= Rp 39,013,650

3. Cash Flow = laba bersih - bunga bank (10%)

.= Rp 39,013,650 .- Rp 24,460,300
.= Rp 14,553,350

Perhitungan Pay Back Period (PBP)

n = 1
a = Rp 89,110,000
b= Rp 14,553,350
c= Rp 33,998,760

a-b
PBP = n .+ x1
c-b

Rp 89,110,000 .- Rp 14,553,350
PBP = 1 + x1
Rp 33,998,760 .- Rp 14,553,350

Rp 74,556,650
PBP = 1 + x1
Rp 19,445,410

PBP = 1 + 3.8
PBP = 4.8 Tahun
 Tabel Pengembalian Uang Pinjaman
Bunga Pokok
Tahun Jumlah Angsuran
10% Pinjaman
0 ..... ..... ..... .....
1 Rp 24,460,300 Rp 48,920,600 Rp 269,063,300 Rp 73,380,900
2 Rp 19,568,240 Rp 48,920,600 Rp 215,250,640 Rp 68,488,840
3 Rp 14,676,180 Rp 48,920,600 Rp 161,437,980 Rp 63,596,780
4 Rp 9,784,120 Rp 48,920,600 Rp 107,625,320 Rp 58,704,720
5 Rp 4,892,060 Rp 48,920,600 Rp 53,812,660 Rp 53,812,660
6 Rp - Rp 48,920,600 Rp - Rp 48,920,600
7 Rp (4,892,060) Rp 48,920,600 Rp (53,812,660) Rp 44,028,540
8 Rp (9,784,120) Rp 48,920,600 Rp (107,625,320) Rp 39,136,480
9 Rp (14,676,180) Rp 48,920,600 Rp (161,437,980) Rp 34,244,420
10 Rp (19,568,240) Rp 48,920,600 Rp (215,250,640) Rp 29,352,360

Tahun
Uraian
 Uraian 1 2 3
Hasil Usaha Rp 196,560,000 Rp 196,560,000 Rp 196,560,000
Biaya Produksi Rp 155,493,000 Rp 155,493,000 Rp 155,493,000
Laba Kotor Rp 41,067,000 Rp 41,067,000 Rp 41,067,000
Laba Bersih Rp 39,013,650 Rp 39,013,650 Rp 39,013,650
Bunga Bank Rp 24,460,300 Rp 19,568,240 Rp 14,676,180
Cash Flow Rp 14,553,350 Rp 19,445,410 Rp 24,337,470

Tahun Cash Flow Komulatif

1 Rp 14,553,350 Rp 14,553,350
2 Rp 19,445,410 Rp 33,998,760
3 Rp 24,337,470 Rp 58,336,230
4 Rp 29,229,530 Rp 87,565,760
5 Rp 34,121,590 Rp 121,687,350
 Sisa
Rp 244,603,000
Rp 195,682,400
Rp 146,761,800
Rp 97,841,200
Rp 48,920,600
Rp -
Rp (48,920,600)
Rp (97,841,200)
Rp (146,761,800)
Rp (195,682,400)
Rp (244,603,000)

ahun
 4 5
Rp 196,560,000 Rp 196,560,000
Rp 155,493,000 Rp 155,493,000
Rp 41,067,000 Rp 41,067,000
Rp 39,013,650 Rp 39,013,650
Rp 9,784,120 Rp 4,892,060
Rp 29,229,530 Rp 34,121,590
 Minimum Atractive Rate of Return (MARR)
Kota Kendari
Suku Bunga Bank BRI (2013) = 10%
Inflasi (Sultra, Oktober 2013) = 1.94%

MARR = {(1 + I)} {(1 + F)} - 1

MARR = 1.1 X 1.0194 .- 1
MARR = 1.12134 .- 1
MARR = 12.134%
 Net Present Value (NPV)
Suku Bunga (I) = 10% P/A : 3.7908
Jangka Waktu(n) = 5 Tahun

NPV = .-I + AB(P/A, 10%, 5) - AC(P/A, 10%, 5)

NPV = Rp (89,110,000) .+ Rp 196,560,000 x 3.7908 .- Rp 155,493,000 x
NPV = Rp (89,110,000) .+ Rp 745,119,648 .- Rp 589,442,864
NPV = Rp 656,009,648 .- Rp 589,442,864
NPV = Rp 66,566,784 > 0

Ket: NPV > 0, maka investasi dinyatakan layak.

3.7908
 Internal Rate Return (IRR)
Bunga (I1) = 9%
P/A = 3.8897
NVP1 = .-I + AB(P/A, 25%, 5) - AC(P/A, 25%, 5)
NVP1 = Rp (89,110,000) .+ Rp 196,560,000 x 3.8897 .- Rp 155,493,000
NVP1 = Rp (89,110,000) .+ Rp 764,559,432 .- Rp 604,821,122
NVP1 = Rp 675,449,432 .- Rp 604,821,122
NVP1 = Rp 70,628,310

Bunga (I2) 12%

P/A = 3.6048
NVP2 = .-I + AB(P/A, 25%, 5) - AC(P/A, 25%, 5)
NVP2 = Rp (89,110,000) .+ Rp 196,560,000 x 3.6048 .- Rp 155,493,000
NVP2 = Rp (89,110,000) .+ Rp 708,559,488 .- Rp 560,521,166
NVP2 = Rp 619,449,488 .- Rp 560,521,166
NVP2 = Rp 58,928,322
 Maka,
NVP1
IRR = I1 + x I2
NVP1 - NVP2
x 3.8897
Rp 70,628,310
IRR = 9% + x 12%
Rp 70,628,310 .- Rp 58,928,322

Rp 70,628,310
IRR = 9% + x 3%
Rp 11,699,988
x 3.6048

IRR = 9% + 6.037 x 3%
IRR = 9% + 18.11%
IRR = 27.11%
.- I1 Jika, IRR > MARR Artinya Layak

IRR = 27.11% > MARR = 12.13%

.- 9%