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

Author

Listed:
  • Gheorghe Andrei

    (hia University of Targoviste)

  • Raluca Galmeanu

    (Valahia University of Targoviste)

  • Zamfir Mariana

    (Valahia University of Targoviste)

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.

Suggested Citation

  • Gheorghe Andrei & Raluca Galmeanu & Zamfir Mariana, 2018. "The Standard Cost Method and the Opportunity to Apply it to Economic Furniture Producing Entities," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 7(2), pages 72-78, August.
    • Handle: RePEc:sdb:social:v:7:y:2018:i:2:p:72-78
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    References listed on IDEAS

    as
    1. Butler, Stephen A. & Ghosh, Dipankar, 2015. "Individual differences in managerial accounting judgments and decision making," The British Accounting Review, Elsevier, vol. 47(1), pages 33-45.
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    More about this item

    Keywords

    Standard cost; enterprise; cost control;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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