Modern methods of cost calculation as a basis for improving the competitive advantage of companies

Koleva, Blagica and Trajkovska, Olivera and Krsteva, Viktorija (2021) Modern methods of cost calculation as a basis for improving the competitive advantage of companies. Yearbook 2021, 22. ISSN 1857-7628

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Abstract

Cost management means their rational reduction with the main goal of increasing the profitability of companies. Efficient cost management enables the realization of the set goals of the operation and the realization of the competitive advantage of the companies in the market. This actually means more efficient use of available resources and strict cost control, by reducing activities that result in high costs. Due to intensive changes in technology and market conditions, traditional cost accounting systems have
become inadequate. They appeared at a time when many companies had a small volume of production, and
direct labor and materials were the main costs of production. Today, the situation has changed significantly.
Companies produce on a large scale, direct labor has a small share of total costs, and operating costs increase.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Blagica Koleva
Date Deposited:	25 Jan 2022 08:37
Last Modified:	25 Jan 2022 08:37
URI:	https://eprints.ugd.edu.mk/id/eprint/29070

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