THE ISSUE OF OVERHEAD COSTS ALLOCATION ACCORDINGS TO LABOUT INPUTS IN TARGET COSTING OF METALLURGICAL PRODUCTION

1 KUTÁČ Josef
Co-authors:
1 SAMOLEJOVÁ Andrea 1 STOCH Dominika 1 ANDRUŠKA Libor
Institution:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, josef.kutac@vsb.cz
Conference:
23rd International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 21 - 23, 2014
Proceedings:
Proceedings 23rd International Conference on Metallurgy and Materials
Pages:
1767-1771
ISBN:
978-80-87294-52-9
ISSN:
2694-9296
Published:
18th June 2014
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
335 views / 199 downloads
Abstract

This article is focused on the issue of overhead costs allocation used for target costing. The first phase is allocation of overhead costs of secondary (supporting) cost centres to the primary (production) cost centres. In the second phase, the overhead costs of the primary cost centres are allocated to products or activities. The commonly used allocation key includes the standards of labour input in the production process. The analysis in this article highlights the inappropriateness of using this allocation key in the calculations used in price negotiations.

Keywords: Cotribution margin, product costs, overhead costs, proportional costs, fixed costs, target costing

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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