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Peculiarities and advantages of distribution of production overhead costs by activity types

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dc.contributor.author Jikia, Merab
dc.date.accessioned 2019-11-25T13:19:14Z
dc.date.available 2019-11-25T13:19:14Z
dc.date.issued 2019
dc.identifier.citation The 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 523-528 en_US
dc.identifier.isbn 978-9941-13-890-4
dc.identifier.uri http://dspace.tsu.ge/xmlui/handle/123456789/576
dc.description.abstract The method of calculating costs according to the types of activities ensures calculating the cost of unit of production more accurately. Based on that, we can improve determination of the product selling price and realization strategy, as well as effectiveness of management and quality of the decision made. - When applying this approach, it is better evident what overhead costs are spent for; - The approach of calculating cost according to the types of activities recognizes that production overhead costs are not related only to the volume of production and selling; - For many companies, production overhead costs represent a significant part of total costs. Therefore, for managing the business properly the management needs the information about what overhead costs are paid for. Control over production overhead costs can be exercised by managing and controlling of cost-driver; - Using this approach in a complex business environment allows us to determine actual costs on the product; - Calculation of costs according to the types of activities can be used not only when distributing production overhead costs but in case of distributing all types of overhead costs. en_US
dc.language.iso ge en_US
dc.publisher Ivane Javakhishvili Tbilisi State University Press en_US
dc.subject Cost of production, calculation of production cost, production overhead costs, assignment rate, cost driver, cost pool, level of activity, types of activity en_US
dc.title Peculiarities and advantages of distribution of production overhead costs by activity types en_US
dc.type Article en_US

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