Cost Management

Peter Schuster (), Mareike Heinemann () and Peter Cleary ()
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Peter Schuster: Schmalkalden University of Applied Sciences
Mareike Heinemann: VALNES Corporate Finance GmbH
Peter Cleary: University College Cork

Chapter 5 in Management Accounting, 2021, pp 125-171 from Springer

Abstract: Abstract In previous chapters, costs were considered as given, and with it, their use for specific decisions, such as production programme or price decisions, were also considered. This chapter addresses the management of costs (and revenues). It deals with activities that influence costs for the improvement of the company’s economic viability. This influencing includes: Cost Level: Management of factor prices (e.g. by supplier selection or make-or-buy decisions) and of factor amounts (e.g. by quality management and rationalisation). Cost Structure: Changing the proportions of variable and fixed costs as well as direct and indirect costs (e.g. by capacity utilisation or outsourcing). Cost Behaviour Patterns: Avoidance of progressive cost patterns (e.g. by complexity reduction or increased use of identical components).

Date: 2021
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DOI: 10.1007/978-3-030-62022-6_5

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