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Cost Calculation In The Electrical Industry-Manufacture Large Electric Motors


  • Luminita Costache

    (University of Craiova Faculty of Economics and Business Administration)


After more than 20 years, as the productive economic entities argue that they implement the standard or normalized cost method, we see that economic practice, as applicable electrical industry, still persist method commands. In fact, we see a truncated application of the standard or normalized method , meaning that in the pre-calculation stage, principles are used on a scientific substantiation of the expenses level and costs are used and just so. As the production process is underway, almost it is forgotten that the standard method has a well defined principles of operative follow-up of the of the costs, in order to identify causes that have generated adverse deviations and to establish responsibilities, for which recourse to the classical concept of collection, recording and processing accounting information in order to establish cost controls and cost carriers.

Suggested Citation

  • Luminita Costache, 2011. "Cost Calculation In The Electrical Industry-Manufacture Large Electric Motors," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 36-39.
  • Handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:36-39

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    More about this item


    cost; calculated methods; target costing; value chain; production.;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management


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