A COST ACCOUNTING MODEL USING COST CENTERS

Stoiko Mitov ()
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Stoiko Mitov: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2025, vol. 24, issue 1, 183-203

Abstract: The paper attempts to develop a cost accounting model with classification by nature and cost centers. The presented model makes it possible to get more accurate cost information from the point of view of cost calculation of cost of goods sold, budgeting, and management reporting. From a methodological point of view, the methodological tools of financial and management accounting were used to develop the model. The proposed cost centers are developed according to the specifics of the organizational structure of the company and the specifics of the activity, which allows the allocation of a given cost center both to a specific department of the company and to a specific activity, and category. The simulation of the model was conducted, which demonstrated its capabilities for a more detailed management analysis of the profitability of different production categories from the point of view of costing and budgeting.

Keywords: cost of goods sold; calculation; costs; cost centers; production. (search for similar items in EconPapers)
Date: 2025
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