COSTS CALCULATION OF TARGET COSTING METHOD

Sebastian Ungureanu
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Sebastian Ungureanu: Doctoral School of Economics, University Alexandru Ioan Cuza, Iaşi,

SEA - Practical Application of Science, 2014, issue 4, 425-432

Abstract: Cost information system plays an important role in every organization in the decision making process. An important task of management is ensuring control of the operations, processes, sectors, and not ultimately on costs. Although in achieving the objectives of an organization compete more control systems (production control, quality control, etc.), the cost information system is important because monitors results of the other. Detailed analysis of costs, production cost calculation, quantification of losses, estimate the work efficiency provides a solid basis for financial control. Knowledge of the costs is a decisive factor in taking decisions and planning future activities. Managers are concerned about the costs that will appear in the future, their level underpinning the supply and production decisions as well as price policy. An important factor is the efficiency of cost information system in such a way that the information provided by it may be useful for decisions and planning of the work.

Keywords: Cost information system; Production cost (search for similar items in EconPapers)
JEL-codes: C50 M40 M41 (search for similar items in EconPapers)
Date: 2014
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