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

Violeta Maria Isai, Caterina NICOARA Oana and Riana Iren Radu
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Violeta Maria Isai: Dunarea de Jos University of Galati, Romania
Caterina NICOARA Oana: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2019, issue 2, 86-90

Abstract: 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.

Keywords: Costs; Activities; Cost centers; Cost inductors; Cost matrix (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2019:i:2:p:86-90

DOI: 10.35219/eai1584040936

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