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Costs Calculation Of Target Costing Method

Author

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  • Sebastian UNGUREANU

    (Doctoral School of Economics, University Alexandru Ioan Cuza, Iaşi,)

Abstract

Cost information system plays an important role in every organization in the decision making process. An important task of management is ensuring control of the operations, processes, sectors, and not ultimately on costs. Although in achieving the objectives of an organization compete more control systems (production control, quality control, etc.), the cost information system is important because monitors results of the other. Detailed analysis of costs, production cost calculation, quantification of losses, estimate the work efficiency provides a solid basis for financial control. Knowledge of the costs is a decisive factor in taking decisions and planning future activities. Managers are concerned about the costs that will appear in the future, their level underpinning the supply and production decisions as well as price policy. An important factor is the efficiency of cost information system in such a way that the information provided by it may be useful for decisions and planning of the work.

Suggested Citation

  • Sebastian UNGUREANU, 2014. "Costs Calculation Of Target Costing Method," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 425-432, July.
    • Handle: RePEc:cmj:seapas:y:2014:i:4:p:425-432
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    File URL: http://seaopenresearch.eu/Journals/articles/SPAS_4_49.pdf
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    References listed on IDEAS

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    1. Bhimani, Alnoor (ed.), 2003. "Management Accounting in the Digital Economy," OUP Catalogue, Oxford University Press, number 9780199260386.
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    More about this item

    Keywords

    Cost information system; Production cost;

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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