DETERMINATION OF COST OF PRODUCTION WITH THE FULL COSTING METHOD IN THE PERSPECTIVE OF ISLAMIC ECONOMICS

Abstract

Trading business is a business whose production and price determination depends on the owner and management, and does not dominate the market where the trading business is located.The formulation of the problem in this study is how to determine the cost of the product in determining the selling price in terms of Islamic economic perspective.The method used in this study is the descriptive method of literature and the application of a simple calculation formula using the excel application which we call the full costing method. In the view of Islamic economics prices can only be regulated if market conditions do not allow for justice for both parties. And there is no arbitrary price increase in a condition that will tyrannize the buyer himself.