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The Economic Importance and Characteristics of Cost Calculation in the Clothing Industry in Romania

Author

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  • Caprian Cristina

    („Alexandru Ioan Cuza†University of Iasi)

Abstract

By this paper, the author aim to highlight the importance of cost calculation in the clothingindustry in Romania. In order to achieve this goal, we have reviewed the literature in this field. Based on a literature review on cost calculation and on clothing industry we realised that in thethis field, the traditional method laying at the base of cost calculation for a product is order-basedmethod, and in certain cases the standard-cost method can also be applied. As a modern costcalculation method which can be applied in this industry we may mention the ABC method. The paper ends with the author conclusions regarding the implementation of a cost calculationmethod in the clothing industry as well as the main actions to be taken by clothing companies tohave competitive and innovative products and to cope with fierce competition.

Suggested Citation

  • Caprian Cristina, 2017. "The Economic Importance and Characteristics of Cost Calculation in the Clothing Industry in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 429-434, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:429-434
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    References listed on IDEAS

    as
    1. Adriana GÃŽRNEA?? & Mihaela MA?CU (UDA), 2014. "Development Discrepancies Between Western And Eastern Eu Countries: A Statistical Analysis Of Textile And Apparel Clusters," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 434-442, November.
    2. Adriana D. GÎRNEAŢĂ, 2013. "The Importance of Clusters in the Development of the Textile and Clothing Industry," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 2, pages 83-89, October.
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    More about this item

    Keywords

    cost calculation; managerial accounting; the clothing industry; economic importance; cost calculation methods;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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