M. Strojek-Filus
Variants of determining the manufacturing cost of a product in a production unit in the light of balance sheet law
DOI 10.12914/MSPE-03-01-2014
Abstract: The category of the manufacturing cost of a product is one of the most important ones from the point of view of proper valuation of the assets of a production unit, costs of its operations as well as pricing decisions. This article presents the problem of determining the manufacturing cost of a product in terms of balance sheet law. It has been shown that in order to determine this value various methods and options are allowed by this law, by means of which different values of manufacturing cost of a product are obtained. The importance of a proper selection of an allocation key in settlement of indirect production costs has been highlighted as well as the results of using, in certain cases, approved simplifications in the balance sheet law when determining the manufacturing cost of products have been demonstrated. The problem presented in this article is crucial from the point of view of an organization and management of production  as well as managerial decision-making in a company in the area of design of products and processes.
Key words: manufacturing cost of a product, finished product, management of production processes
Read article »