Production Control through Costs Based on Activities - Case of the Romanian Companies
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 impor...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Dunarea de Jos University of Galati
2019-08-01
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| Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| Online Access: | http://www.eia.feaa.ugal.ro/images/eia/2019_2/Isai_Nicoara_Radu.pdf |
| Summary: | 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. |
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| ISSN: | 1584-0409 1584-0409 |