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COSTING AS A TOOL FOR CUTTING COSTS OF AN ENTERPRISE
Abstract
The purpose of costing is to provide information on costs of products, works or services realized and used by an enterprise to establish itself in the market. An important tool in solving problems related to cost savings is the full costing approach, a costing method based on the calculation classification of costs, traditionally used in modern enterprises. In the constantly changing conditions of market environment, the importance of new requirements of managers for more detailed classification of cost items in their calculations is growing. Increasingly the emphasis is placed on classification of costs according to their response to changes in production volume. Improved cost management process may be realized through the variable costing approach. This type of calculation allows for an efficient way to drive the costs efficiency. It helps to achieve cost savings and improve efficiency and performance of an enterprise. The paper analyzes both costing approaches and outlines research assumptions associated with using these calculations in business practice. While verifying the research assumptions the author of the paper used outputs from the questionnaire survey that addressed representatives of various business entities. The analyzed results were evaluated and summarized in tables. The findings became the basis for confirmation/refutation of research assumptions as well as for outlining the likely further use of the above mentioned costing approaches in activities of business enterprises under the current economic conditions in the Czech Republic.
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