Comparative analysis of modern methods for calculating product costs

The article is devoted to the analysis of methods for calculating the cost of production at an industrial enterprise. It is noted that when choosing the appropriate calculation method, along with general principles, one should take into account the specifics of the production and economic activities...

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Main Authors: N. S. Andruk, E. A. Naumova
Format: Article
Language:Russian
Published: Russian Academy of Entrepreneurship 2024-07-01
Series:Путеводитель предпринимателя
Subjects:
Online Access:https://www.pp-mag.ru/jour/article/view/1970
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author N. S. Andruk
E. A. Naumova
author_facet N. S. Andruk
E. A. Naumova
author_sort N. S. Andruk
collection DOAJ
description The article is devoted to the analysis of methods for calculating the cost of production at an industrial enterprise. It is noted that when choosing the appropriate calculation method, along with general principles, one should take into account the specifics of the production and economic activities of each specific enterprise. For this purpose, both well–known and well–proven calculation methods, as well as modern ones used in international practice, such as «target costing» and «kaizen costing» are considered. A comparative analysis of the considered traditional and modern methods, systematized in tabular form, is provided. The advantages, disadvantages, and possible results of using each method are noted. A description of these methods is provided. Using the example of a shipbuilding enterprise, directions for improving the applied calculation methods by using the advantages of the considered methods are substantiated.
format Article
id doaj-art-31db74aec8a544b8a5cf113a2a40e3d9
institution Kabale University
issn 2073-9885
2687-136X
language Russian
publishDate 2024-07-01
publisher Russian Academy of Entrepreneurship
record_format Article
series Путеводитель предпринимателя
spelling doaj-art-31db74aec8a544b8a5cf113a2a40e3d92025-08-20T03:59:00ZrusRussian Academy of EntrepreneurshipПутеводитель предпринимателя2073-98852687-136X2024-07-0117310.24182/2073-9885-2023-17-3-62-691727Comparative analysis of modern methods for calculating product costsN. S. Andruk0E. A. Naumova1St. Petersburg State Marine Technical UniversitySt. Petersburg State Marine Technical UniversityThe article is devoted to the analysis of methods for calculating the cost of production at an industrial enterprise. It is noted that when choosing the appropriate calculation method, along with general principles, one should take into account the specifics of the production and economic activities of each specific enterprise. For this purpose, both well–known and well–proven calculation methods, as well as modern ones used in international practice, such as «target costing» and «kaizen costing» are considered. A comparative analysis of the considered traditional and modern methods, systematized in tabular form, is provided. The advantages, disadvantages, and possible results of using each method are noted. A description of these methods is provided. Using the example of a shipbuilding enterprise, directions for improving the applied calculation methods by using the advantages of the considered methods are substantiated.https://www.pp-mag.ru/jour/article/view/1970calculation methodscostdirect costingstandard costingtarget costingkaizen costingshipbuilding products
spellingShingle N. S. Andruk
E. A. Naumova
Comparative analysis of modern methods for calculating product costs
Путеводитель предпринимателя
calculation methods
cost
direct costing
standard costing
target costing
kaizen costing
shipbuilding products
title Comparative analysis of modern methods for calculating product costs
title_full Comparative analysis of modern methods for calculating product costs
title_fullStr Comparative analysis of modern methods for calculating product costs
title_full_unstemmed Comparative analysis of modern methods for calculating product costs
title_short Comparative analysis of modern methods for calculating product costs
title_sort comparative analysis of modern methods for calculating product costs
topic calculation methods
cost
direct costing
standard costing
target costing
kaizen costing
shipbuilding products
url https://www.pp-mag.ru/jour/article/view/1970
work_keys_str_mv AT nsandruk comparativeanalysisofmodernmethodsforcalculatingproductcosts
AT eanaumova comparativeanalysisofmodernmethodsforcalculatingproductcosts