Production Control through Costs Based on Activities - Case of the Romanian Companies

It is known that the cost of production holds the largest share of the total operating costs of a company. Therefore, in order for a company to survive, grow and pay its shareholder by generating a reasonable profit, the effective and efficient control of such a cost by management becomes very impor...

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Published inAnalele Universității "Dunărea de Jos" Galați. Fascicula I, Economie și informatica aplicata Vol. 25; no. 2; pp. 86 - 90
Main Authors Isai, Violeta Maria, Nicoara Oana, Caterina, Radu, Riana Iren
Format Journal Article
LanguageEnglish
Published Dunarea de Jos University of Galati 01.08.2019
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Summary:It is known that the cost of production holds the largest share of the total operating costs of a company. Therefore, in order for a company to survive, grow and pay its shareholder by generating a reasonable profit, the effective and efficient control of such a cost by management becomes very important. When the cost is not properly controlled and maintained by ensuring that actual results are in line with predefined standards, it could result in higher operating costs, lower profit margins, and ultimately discontent among owners and potential investors.
ISSN:1584-0409
2344-441X
1584-0409
DOI:10.35219/eai1584040936