PERFECTING THE METHODOLOGY FOR ELABORATING THE BUDGETS OF INDIRECT EXPENDITURES; CALCULATING AND ANALYZING THE DEVIATIONS FROM STANDARDS IN THE ROMANIAN CHARCOAL MINING INDUSTRY

Ioan Constantin Dima and Mariana Man
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Ioan Constantin Dima: "Valahia" University of Targoviste
Mariana Man: Universitatea din Petrosani

Polish Journal of Management Studies, 2010, vol. 1, issue 1, 148-158

Abstract: Companies’ activity should permanently be carried on according to the balance relation between incomes and expenditures. Nowadays, when dealing the worldwide economic crisis, companies do not manage to maintain such a balance; the expenditures determined by manufactured production overpass the incomes resulting after selling the production. Such things happen even when certain fields are subsidized by the State budget. Under such circumstances, the problem that managers have to face is that of finding out certain methods that allow them to size and control the previously mentioned balance relation. With these in view, we consider that the budget can become a matching tool and especially an improvement device of the relation between expenditures and incomes; costs budgeting becomes a systematic economic practice that implies the carrying out of a formal process of allocating financial resources with a view of achieving the goals formulated for the following period.

Keywords: indirect production expenditures; standard expenditures; fixed expenditures; variable expenditures; mixed expenditures; the budget of indirect production expenditures; amount deviation; capacity deviation; and efficiency deviation (search for similar items in EconPapers)
JEL-codes: C00 G00 H00 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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