Impact of cost on management decisions in the production of pig products

Issue № 1, 2022, article № 7, pages 71-77

Section: Economics of agribusiness sectors

Language: Russian

Original language title: ВЛИЯНИЕ СЕБЕСТОИМОСТИ НА УПРАВЛЕНЧЕСКИЕ РЕШЕНИЯ ПРИ ПРОИЗВОДСТВЕ ПРОДУКЦИИ СВИНОВОДСТВА

Keywords: COSTS, PRIME COST, PIG BREEDING INDUSTRY, LEVERAGE EFFECT

Abstract: Growth in the production and sale of pig products to the need to find new options for increasing income and income. The production process of a company that specializes in raising pigs requires an investment of costs, which ultimately constitute the cost of production. The cost price is the economic indicator that managers need to make managerial decisions on set prices and the volume of product sales, a significant reduction in costs, or, conversely, their increase if a production initiative is required. The problem of reducing costs in the pig industry, and, consequently, the cost of production, is relevant for agricultural producers at all stages of economic development. It becomes especially acute in the conditions of market reforms, when there is a constant increase in prices for energy carriers, fuel and other tangible and intangible costs. Under these conditions, the correct organization of cost accounting, a methodically competent approach to cost calculation and its analysis will allow not only obtaining reliable information in this area of accounting work, but also using it for management purposes. Information obtained by comparing different methods of cost formation, cost management, can lead to an increase in its relevance and determine the most optimal management decision. One of these options is also the use of different approaches to cost estimation, cost formation and definition of the "horizon" for development.

Authors: Zdorovets IUliia Ivanovna, Reshetniak Liubov Alekseevna, Palatkin Ivan Viktorovich