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Article
The Cost Control Model of Food Processing Enterprises: The Case of Lithuanian Agricultural Sector
Vilma Jucevičienė, Neringa Stončiuvienė, Danutė Zinkevičienė
ABSTRACT. The production cost classification analysis in agricultural processing enterprises investigated how the companies classify cost for control purposes in order to include expenses into the cost price of a product.
It is not enough to accurately calculate production cost price seeking for effective cost control. The effect of cost control could be determined through the responsibility of certain people for business expenditure. Applying the proposed schemes of production cost classification, production cost accounting in terms of responsibility centers and production cost price formation in food processing enterprises, production and operation costs can be accumulated and controlled on four levels, the change tendencies of expenditure can be analyzed and activity results of separate responsibility centers can be determined.
KEYWORDS: cost, accounting, cost price, control, responsibility centers, Lithuania.
JEL classification: D24, M41, P2.