The Importance of Information about Cost Behavior to Increase Efficiency of Enterprise Management
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Academic Journal Incorporations
Abstract
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The success of an enterprise reflected in the fair determination of its sales costs. The key factor here is that cost data is based on production forecasting and management. This article focuses on the formation of information for management decisions as a key factor in optimizing and reducing production costs. The impact of decisions on product costs has been studied as a key issue in identification and evaluation
Keywords
cost management, cost reduction, cost behavior, cost accounting, cost dynamics, variable costs, fixed costs, management decisions