Determining the Number of Working Days to Calculate the Production Cost of Commercial Rice

14:06, 11/07/2024

The Ministry of Finance has just issued Circular 77/2018/TT-BTC stipulating the method of investigation and determination of production costs, and the calculation of production costs for commercial rice in the production seasons of the year.

the amount of labor hours expended for each type of work and each different stage in a day should be converted to an 8-hour work day, and the conversion is calculated based on the formula:

V_TC = V_n x T_t/T_q

Where V_n is the actual number of working days invested and is determined as follows:

- In case there are labor day norms in the economic-technical norms guided by the Department of Agriculture and Rural Development, those norms shall be followed;- In case there are no guided economic-technical norms, the determination is based on the actual working day investigation results of the production household that has invested or the nearest statistical data.

More details can be found in Circular 77/2018/TT-BTC effective from October 1, 2018.

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