PARTICULARITIES OF THE STANDARD SINGLE COST METHOD. METHODOLOGICAL CASE STUDY ON THE INVENTORY, ANALYSIS AND CONTROL OF COSTS BY THIS METHOD - ON THE EXAMPLE OF AN ECONOMIC ENTITY
The purpose of economic entities is to improve the method of calculating costs and to make it more operational and efficient in providing the necessary information to managers. The methods of calculating the costs used in the footwear industry, the global one and on orders, by which a post-calculati...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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University of Petrosani
2020-12-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | https://www.upet.ro/annals/economics/pdf/2020/p2/9).%20Rakos_2.pdf |
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| Summary: | The purpose of economic entities is to improve the method of calculating costs and to make it more operational and efficient in providing the necessary information to managers. The methods of calculating the costs used in the footwear industry, the global one and on orders, by which a post-calculation per unit of product is performed proved to be ineffective in determining the unit cost per product, so that the idea of calculating costs in advance Unitary production has led to the unique standard cost method that enables managers to fully meet their information need for making the best managerial decisions. The author considers that the standard single cost method responds to the needs of efficient management and contributes to increasing the economic efficiency of the economic entity. That these goals can be achieved is demonstrated by an empirical study on the example of the footwear company S.C. Raxela Brașov. The article concludes with the author’s conclusions, regarding the efficiency of using the standard single cost method. |
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| ISSN: | 1582-5949 2247-8620 |