Implementing cost calculation using ABC method

Cost information system plays an important role in every organization in the decision making process. An important task of management is to ensure control over operations, processes, sectors and, not ultimately, on costs. Although at the goals of an organization compete more control systems (product...

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Bibliographic Details
Published inManagement Intercultural Vol. XVIII; no. 36; pp. 127 - 134
Main Author Ungureanu, Ana Maria
Format Journal Article
LanguageFrench
Romanian
Published Fundatia Română pentru Inteligenta Afacerii 01.07.2016
Romanian Foundation for Business Intelligence
Subjects
ABC method
Business Economy / Management
Cost information system
Economic development
Present Times (2010 - today)
Production cost
Cost information system
Production cost
ABC method
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Summary:Cost information system plays an important role in every organization in the decision making process. An important task of management is to ensure control over operations, processes, sectors and, not ultimately, on costs. Although at the goals of an organization compete more control systems (production control, quality control etc.) cost information system is important as it monitors the results of the others. As a result, the detailed analysis of costs, calculation of production cost quantification of losses, estimating the efficiency of the work provides a solid basis for financial control. Considering the importance of cost in production units, our articles focuses on the possibility of implementing cost calculation using the ABC method in such a company. Our works consists in case study based on specific data extracted from production plan developed in 2015. By applying the ABC method in the calculation of specific products the results obtained show that the company could improve some production areas by identifying those products which contribute to losses.
ISSN:1454-9980
2285-9292