THE COSTS: THEORETICAL AND PRACTICAL APPROACHES

Tatiana Manole and Alexandru Stratan
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Tatiana Manole: National Institute for Economic Research, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2018, vol. 6, issue 1, 92-100

Abstract: In this article, the authors studied the evolutionary process of costs, from actual costs to standard costs and activity costs. In the process of developing the costs, we found that at the basic raw material production stage, direct costs outweigh the indirect costs, but in the process of transforming the raw material into finished products there is a reverse process - indirect costs outweigh the costs direct, process related to cost-per-activity. That is why we believe that a new state strategy is needed on the producer price. We also think that although there are negative approaches to standard costs, these costs are welcome to fund social activities. We also consider that cost-benefit analysis of a social nature justifies, firstly, the social result obtained, and then costs. Therefore, the use of the concept of costs must be in line with the nature of the economic and social domain.

Keywords: costs; full costs; direct costs; indirect costs; standard; cost-per-activity; cost-benefit analysis; standard cost per student-weighted; normative value; value assignment (search for similar items in EconPapers)
JEL-codes: H4 H72 H83 (search for similar items in EconPapers)
Date: 2018
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