ISSUES OF PRODUCT COST AND COST MANAGEMENT IN AN ENTERPRISE
Keywords:
product cost, costs, cost management, break-even point, management accounting, profitability.Abstract
This thesis examines the economic essence and structure of product cost
in an enterprise, cost classification, modern cost management methods (standard
costing, direct costing, ABC, budgeting, and target costing), as well as ways to reduce
product costs. An example of calculating the break-even point is provided, and
recommendations for improving the efficiency of cost management are presented.
References
Tax Code of the Republic of Uzbekistan.
2. Law of the Republic of Uzbekistan “On Accounting.”
3. Regulation on the Composition of Costs Related to the Production and Sale of
Products (Works and Services) and the Procedure for Forming Financial Results
(relevant Resolution of the Cabinet of Ministers of the Republic of Uzbekistan).
Horngren C.T., Datar S.M., Rajan M.V. Cost Accounting: A Managerial Emphasis. –
Pearson.
5. Kaplan R.S., Cooper R. Cost & Effect: Using Integrated Cost Systems to Drive
Profitability and Performance. – Harvard Business School Press, 1998.
6. Textbooks on management accounting and cost accounting published by higher
educational institutions of Uzbekistan.
