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The Standard-cost Method: the Best Answer for the Effective Management of the Value Side of the Manufacturing Process and Raising Economic Efficiency

Author

Listed:
  • Cleopatra Sendroiu

    (Academy of Economic Studies, Bucharest)

  • Costantin Roman

    (Academy of Economic Studies, Bucharest)

Abstract

The determination of the production cost has a special importance in decision optimizing due to the functions this economic indicator fulfills in the industrial plants. Production potential maintenance of a plant depends on how it succeeds to recover the cost of the accomplished use values by marketing and its prosperity and rhythm of development depend on the difference between the sums cashed from selling the products and the expenses incurred in obtaining and marketing them. Operative determination of the indicators regarding production costs as well as the permanent exercising of administration control per responsibility centers, by measuring the results of the activity carried out within such centers, are requirements that the piloting of the plant depends on in order to achieve economic efficiency.

Suggested Citation

  • Cleopatra Sendroiu & Costantin Roman, 2007. "The Standard-cost Method: the Best Answer for the Effective Management of the Value Side of the Manufacturing Process and Raising Economic Efficiency," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(510)), pages 41-44, May.
    • Handle: RePEc:agr:journl:v:5(510):y:2007:i:5(510):p:41-44
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