The Standard Cost Method and the Opportunity to Apply it to Economic Furniture Producing Entities

Gheorghe Andrei, Raluca Galmeanu and Zamfir Mariana
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Gheorghe Andrei: hia University of Targoviste
Raluca Galmeanu: Valahia University of Targoviste
Zamfir Mariana: Valahia University of Targoviste

Social-Economic Debates, 2018, vol. 7, issue 2, 72-78

Abstract: In order to provide rapid information on production costs and on the development of the foreseeable side of managerial accounting, it is necessary to promote a cost method based on pre-established costs. We believe that the standard cost method in the standard cost-unique option meets these requirements. Managerial accounting will thus turn from a historical structure into a modern management tool. The use of operational and predictive methods creates the possibility of comparison between the actual and the standard, giving the possibility of highlighting and analyzing the causes that led to possible deviations.

Keywords: Standard cost; enterprise; cost control (search for similar items in EconPapers)
JEL-codes: O31 O33 (search for similar items in EconPapers)
Date: 2018
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