THE COST MANAGEMENT BY APPLYING THE STANDARD COSTING METHOD IN THE FURNITURE INDUSTRY

摘要

Among the modern calculation methods used in managerial accounting, with a large applicability in the industrial production field, we can find the standard costing method. This managerial approach of cost calculation has a real value in the managerial accounting field, due to its usefulness in forecasting production costs, helping the managers in the decision making process. The standard costing method in managerial accounting is part of modern managerial accounting methods, used in many enterprises with production activity. As research objectives for this paper, we propose studying the possibility of implementing this modern method of cost calculation in a company from the Romanian furniture industry, using real financial data. In order to achieve this aim, we used some specialized literature in the field of managerial accounting, showing the strengths and weaknesses of this method. The case study demonstrates that the standard costing modern method of cost calculation has full applicability in our case, and in conclusion it has a real value in the cost management process for enterprises in the Romanian furniture industry.