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Production Control through Costs Based on Activities - Case of the Romanian Companies

Author

Listed:
  • Violeta Maria ISAI

    (Dunarea de Jos University of Galati, Romania)

  • Caterina NICOARA OANA

    (Dunarea de Jos University of Galati, Romania)

  • Riana Iren RADU

    (Dunarea de Jos University of Galati, Romania)

Abstract

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.

Suggested Citation

  • Violeta Maria ISAI & Caterina NICOARA OANA & Riana Iren RADU, 2019. "Production Control through Costs Based on Activities - Case of the Romanian Companies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 86-90.
  • Handle: RePEc:ddj:fseeai:y:2019:i:2:p:86-90
    DOI: https://doi.org/10.35219/eai1584040936
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