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Is it sufficient to assess cost behavior merely by volume of production? Cost behavior research results from Czech Republic

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dc.title Is it sufficient to assess cost behavior merely by volume of production? Cost behavior research results from Czech Republic en
dc.contributor.author Novák, Petr
dc.contributor.author Vencálek, Ondřej
dc.relation.ispartof Montenegrin Journal of Economics
dc.identifier.issn 1800-5845 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2016
utb.relation.volume 12
utb.relation.issue 3
dc.citation.spage 139
dc.citation.epage 154
dc.type article
dc.language.iso en
dc.publisher Economic Laboratory Transition Research Podgorica-Elit
dc.identifier.doi 10.14254/1800-5845.2016/12-3/10
dc.relation.uri http://www.mnje.com/sites/mnje.com/files/139-154_nowak_and_vencalek_0.pdf
dc.subject cost behavior en
dc.subject overheads en
dc.subject asymmetric cost en
dc.subject cost management en
dc.subject sticky cost en
dc.subject cost driver en
dc.description.abstract This paper presents results from quantitative research performed as part of a project on cost variability and cost management systems. The main goal was to analyze principal findings that arise through seeking to determine levels of cost management, as well as from comprehending various types of cost behavior affecting manufacturing enterprises in the Czech Republic. The first part summarizes contemporary theories on approaches to cost management that place emphasis on overhead cost management and general and asymmetric cost behavior. The second section deals with the procedure and methodology of the research conducted. Moreover, presentation is given of surveyed questions and hypotheses that form the basis for analysis of particular areas within cost management. The subsequent part presents actual results from research verified through statistically inspecting dependence relations. It was found that the share of overheads was still relatively high, although it had decreased in comparison with figures from previous surveys. Furthermore, there was evidence of significant association between the size of a company and the attention paid to a broadened perception of cost behavior and to monitoring the same. In addition, it was confirmed that senior executives were not aware of issues regarding asymmetric cost behavior or the influence of factors beyond production capacity. It was proven that a dependence exists between the prevalent type of production and complications arising in research, e.g. utilization of the ABC method or monitoring semi-fixed and semi-variable costs. These findings are discussed in the final part of the paper. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006887
utb.identifier.obdid 43875064
utb.identifier.wok 000384640800010
utb.source j-wok
dc.date.accessioned 2017-02-28T15:11:39Z
dc.date.available 2017-02-28T15:11:39Z
dc.rights Attribution 3.0 Unported
dc.rights.uri http://creativecommons.org/licenses/by/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Novák, Petr
utb.fulltext.affiliation PETR NOVÁK 1 , and ONDŘEJ VENCÁLEK 2 1 Department of Enterprise Economics, Faculty of Management and Economics Tomas Bata University in Zlín, Czech Republic 2 Department of Mathematical Analysis and Applications of Mathematics, Faculty of Science, Palacký University, Olomouc, Czech Republic
utb.fulltext.dates Received May 28, 2016 Received in revised from June 20, 2016 Accepted August 18, 2016 Available online 15 September 2016
utb.fulltext.sponsorship This paper is one of the research outputs of the project GA 14-21654P/P403 “Variability of Cost Groups and Its Projection in the Costing Systems of Manufacturing Enterprises” registered at the Czech Science Foundation.
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Attribution 3.0 Unported Except where otherwise noted, this item's license is described as Attribution 3.0 Unported