Budgeted Production Costs – A Necessity in Dairy Industry Enterprises Cover Image

Budgeted Production Costs – A Necessity in Dairy Industry Enterprises
Budgeted Production Costs – A Necessity in Dairy Industry Enterprises

Author(s): Cristiana Bogdănoiu
Subject(s): Business Economy / Management, Micro-Economics, Accounting - Business Administration
Published by: Editura Universitaria Craiova
Keywords: budget; planning; responsibility; control; cost calculation;

Summary/Abstract: The budget is the quantitative expression of a proposed action plan by the managing bodies for a specific period and also support for the coordination of actions necessary to implement the plan. Budgets are fundamental component part of the majority of management control systems. When a budget is managed wisely, it provides a reference framework for performance evaluation, facilitate coordination and communication between the enterprise subdivisions. Production cost budget involves the preparation of partial budgets of charges that, ultimately, are centralized in an overall budget of operating expenses.

  • Issue Year: 2013
  • Issue No: 20
  • Page Range: 108-116
  • Page Count: 9
  • Language: English