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The Method of Determining the Technical Costs of Manufacturing Products

Author

Listed:
  • Matuszek Józef

    (University of Bielsko-Biala, Faculty of Mechanical Engineering and Computer Science, Bielsko-Biała, POLAND)

  • Kaczmar-Kolny Ewa

    (University of Bielsko-Biala, Faculty of Mechanical Engineering and Computer Science, Bielsko-Biała, POLAND)

  • Byrdy Łukasz

    (University of Bielsko-Biala, Faculty of Mechanical Engineering and Computer Science, Bielsko-Biała, POLAND)

Abstract

One of the many challenges in running a business is cost accounting. While there are many different costing methods, there is still a need to create new ones. The aim of this article is to develop a new method of cost calculation, which is adapted to modern conditions related to the adaptation of products to the needs of customers. This article presents an original method of determining production costs, which is based on the labor consumption of products. This method is a combination and development of known methods; however, by applying more precise accounting bases, it leads to more precise results. The developed method of cost calculation, thanks to its universality, can be used in most enterprises.

Suggested Citation

  • Matuszek Józef & Kaczmar-Kolny Ewa & Byrdy Łukasz, 2023. "The Method of Determining the Technical Costs of Manufacturing Products," Foundations of Management, Sciendo, vol. 15(1), pages 101-114, January.
    • Handle: RePEc:vrs:founma:v:15:y:2023:i:1:p:101-114:n:8
    DOI: 10.2478/fman-2023-0008
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    References listed on IDEAS

    as
    1. John A. Brierley & Christopher J. Cowton & Colin Drury, 2001. "How product costs are calculated and used in decision making: a pilot study," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 16(4), pages 202-206, June.
    2. Berislav Bolfek & Jasna Vujcic, 2009. "Production Costs Management by Means of Indirect Cost Allocated Model," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 215-223.
    3. repec:eme:maj000:02686900110389142 is not listed on IDEAS
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      More about this item

      Keywords

      cost calculation; costing sheets; organization of production; manufacturing costs;
      All these keywords.

      JEL classification:

      • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other
      • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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