Contemporary trends in the application of standard costing
Keywords:
cost management, standard costs, cost optimization, mathematical models, bibliometric analysisAbstract
In the contemporary business context, effective management of standard costs is vital to organizational success. Therefore, the objective of this work is to analyze the evolution and application of standard costs in the 21st century, by identifying new trends in their implementation in business practice and their treatment in academic literature. It is a documentary research, which combined bibliometric analysis and the systematization of research that addresses the implementation of standard costs in various contexts through the use of mathematical methods with emphasis on optimization. Among the fundamental results, the relevance and diversity of approaches in the field of standard costs and the application of mathematical models stand out, through process optimization and improvement.
References
Álvarez, M. & Sánchez, Q. (2019). Determinación de los costos estándar de las producciones de TRANZMEC Cienfuegos. Observatorio de la Economía Latinoamericana. https://www.eumed.net/rev/oel/2019/04/costos-estandares-producciones.zip
Alzate, W., & Osorio, J. (2017). Aplicación de los diagramas de control para el análisis e inspección de las variaciones derivadas del costo estándar: un estudio de caso. Criterio Libre, 15(26), 75–102. https://doi.org/10.18041/1900-0642/criteriolibre.2017v15n26.1042
Avenali, A., Boitani, A., Catalano, G., D’Alfonso, T., & Matteucci, G. (2018). Assessing standard costs in local public bus transport: A hybrid cost model. Transport Policy, 62, 48–57. https://doi.org/10.1016/j.tranpol.2017.03.011
Cevallos, M. V. (2021). Efectividad del sistema de gestión del costo como un óptimo empresarial. Ciencias administrativas, (17), 14-22. https://doi.org/10.24215/23143738e071
Corvello, V., Musmanno, R., Pavone, G., Santoro, F., & Vocaturo, F. (2023). Optimization and public transport tendering: a case study in Southern Italy. Public Transport. https://doi.org/10.1007/s12469-023-00324-9
Eslava, E., Guerrero, E. C., & Júnior, H. G. (2020). Costos estándar: aplicabilidad en las empresas del sector productivo. Gestión y Desarrollo Libre, 4(8). http://biblos.unilibrecucuta.edu.co/ojs/index.php/gestionyd/article/view/426
Eval, A., Scoponi, L., & Casarsa, F. (2023). Tratamiento de variaciones en el costo estándar por operaciones intercompañías. Centro de Estudios de Administración, 7(1), 85-108. https://ojs.uns.edu.ar/cea/article/view/4434/2459
Goecks, L. S., Santos, A. a. D., & Korzenowski, A. L. (2020). Decision-making trends in quality management: a literature review about Industry 4.0. Production Journal, 30. https://doi.org/10.1590/0103-6513.20190086
Hernández, M. (2020). Prácticas tradicionales y contemporáneas de la contabilidad de gestión: Una revisión de la literatura. RAN-Revista Academia & Negocios, 5(2), 57-68.
Horngren, C., Sundem.G, Burgstahler, D., & Schatzberg, D. (2023). Introduction to Management Accounting. (Seventeenth edition). Pearson Higher Education. AU.
Klumpp, M., & Kuchshaus, V. (2013). Automotive Production Location Cost Optimization with Productivity and Sustainability Constraints. En Limere, V. & Aghezzaf, E. (Ed). Industrial Simulation Conference 2013-Proceedings, Ghent, 160-162.
Lomelí, S. L. (2018). Sistema de costos tradicional aplicable a Pymes. Un estudio para empresas de la industria del mueble en México. Revista Cubana de Finanzas y Precios, 2(4), 13-23. Disponible en: https://econpapers.repec.org/article/risrcubfp/0077.htm
Meleán, R., & Torres, F. (2021). Gestión de costos en las cadenas productivas: reflexiones sobre su génesis. Retos Revista de Ciencias de la Administración y Economía, 11(21), pp. 131-146. https://doi.org/10.17163/ret.n21.2021.08
Meng, Q., Lou, J., Zhu, J., & Bai, X. (2016). Standard cost setting and application of improved ant colony optimization algorithm. Systems Engineering-Theory & Practice, 7(9), 1719-1731.
Ministerio de Finanzas y Precios. (2018) Norma Específica de Contabilidad No. 12 “Contabilidad de Gestión” (NEC No. 12). Resolución No. 935/2018. La Habana: Gaceta Oficial de la República de Cuba. http://www.mfp.gob.cu/legislacion/disposiciones_publicadas.php
Musleh, A. (2022). Impact of standard cost workers on control of cost elements. Academy of Entrepreneurship Journal, 28(2), 5806. https://www.proquest.com/openview/21ea3f7336f00385df15a781be9d9b7e/1?pqorigsite=gscholar&cbl=29726
Nishimura, A. (2019). Management, uncertainty, and accounting. Cases Studies, Theoretical Models, and Useful Strategies. Springer Nature Singapore_Palgrave Macmillan.
Polimeni, S., Fabozzi, F., Adelberg, A. & Kole, M. (1997). Contabilidad de Costos. McGraw- Hill Interamericana S.A.
Peng, G., & Sharshir, S. W. (2023). Progress and performance of multi-stage solar still – A review. Desalination, 565, 116829. https://doi.org/10.1016/j.desal.2023.116829
Rathjens, M., & Fieg, G. (2019). Cost-optimal heat exchanger network synthesis based on a flexible cost functions framework. Energies, 12(5), 784. https://doi.org/10.3390/en12050784
Silalahi, M. A., & Latief, Y. (2022). Cost plannings standard development for architecture, exterior, and miscellaneous works on stadium main building works to improve cost accuracy. International Journal of Engineering Advanced Research, 4(1), 30-44. https://myjms.mohe.gov.my/index.php/ijear/article/download/16993/9287
Sinha, S., Chowdhury, R., Das, A., & Ghosh, A. (2019). Comparative Analysis Amid National and International MPLS Local Loop Optimization and Commercial Impact. In 2019 International Conference on contemporary Computing and Informatics (IC3I), 175-178. https://doi.org/10.1109/IC3I46837.2019.9055523
Suárez, A. C., Reyes, R. & Mas, C.J. (2018). Procedimientos para la gestión de costos en los servicios cubanos de salud. Experiencias y resultados. Anales de la Academia de Ciencias de Cuba, 8(1). https://revistaccuba.sld.cu/index.php/revacc/article/view/409
Tsai, W. H., Lan, S. H., & Huang, C. T. (2019). Activity-based standard costing product-mix decision in the future digital era: green recycling steel-scrap material for steel industry. Sustainability, 11(3), 899. https://doi.org/10.3390/su11030899
Tsai, W. H., Lan, S. H., & Lee, H. L. (2020). Applying ERP and MES to Implement the IFRS 8 Operating Segments: A Steel Group’s Activity-Based Standard Costing Production Decision Model. Sustainability, 12(10), 4303. https://doi.org/10.3390/su12104303
Uribe, R. (2014). Costos para la toma de decisiones. Primera edición. McGraw Hill, Bogotá, Colombia.
Wei, Y., Xie, Y., Lan, C., Peng, L., & Liu, Z. (2023). Study of the Impact of Managerial Relationships on Corporate Performance in a Transitional Environment. International Journal of Education and Humanities, 9(2), 15-17.
Williams, H. T., Mojekwu, J. N., & Ayodele, T. D. (2023). Minimization of transportation cost for decision making on COVID-19 vaccines distribution across cities. In Springer eBooks (pp. 1180–1189). https://doi.org/10.1007/978-3-031-25998-2_91
Wu, H., Li, X., Qi, Y., Tang, H., & Zhang, S. (2022). Application of virtual network mapping algorithm based on optimal Subnet in enterprise cost accounting platform. Journal of Circuits, Systems, and Computers, 32(03). https://doi.org/10.1142/s0218126623500421
Zamora, J. P. (2023). Propuesta de un modelo para la optimización de las variables que impactan la productividad en el área de compras y abastecimiento en la Caja de Compensación Familiar de Bogotá D.C. [Tesis de Maestría, Politécnico Grancolombiano]. Disponible en: https://alejandria.poligran.edu.co/handle/10823/6877
Zhang, Y., & Tan, J. (2017). Study on Cost Accounting Optimization of Construction Enterprises. AGRO FOOD INDUSTRY HI-TECH, 28(3), 2677-2680.
Zhang, Y. (2022). Digital Economy: The establishment and application of pricing model for Personalized Order-Based products by using Big Data technology. In Proceedings of the 2022 2nd International Conference on Education, Information Management and Service Science (EIMSS 2022) (pp. 38–44). https://doi.org/10.2991/978-94-6463-024-4_5
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
- Sending a contribution to the Cuban Magazine of Finance and Prices (RCFP) implies a non-exclusive assignment of rights, which includes: Reproduce the Article in whole or in part and communicate the Article to the public in print or electronic format, combined or not with the works of third parties, such as by making the Article available to the public via the Internet or any other network, as part of a database, with on-line or off-line access, for use by third parties; Translate the Article into other languages and release the translation to the public; Create adaptations, summaries, or excerpts of the Article and other derivative works thereof, and exercise all of your rights in such adaptations, summaries, excerpts, and derivative works; Include the Article, either in its translated, adapted or summarized version, totally or partially, in a computerized database and make it available to third parties; Include the Article, totally or partially, either in its translated, adapted or summarized version, in a selection or compilation of texts; Rent or lend the Item to third parties; Reproduce the Article by means of reprography, without prejudice to legal limitations.
The Author of articles published in the Cuban Magazine of Finance and Prices (RCFP) may exercise the following rights:
- Reproduce the Article, totally or partially, and disseminate its content or make it available to the public, in printed or electronic format, as part of a teaching content or as a compilation, for use in the academic or research field in the institution to the one to which the Author belongs or in those institutions to which he belongs.
- Publish the Article on the Internet or authorize the Author's institution (or any other appropriate organization) to do the same, immediately from the date of publication of the Article in the journal: within the institution's closed network (p. eg, the intranet); or in publicly accessible institutional repositories or centrally organized repositories, provided that a link to the Article is included on the journal's website.
- Grant to the Author's own institution (or any other appropriate organization) the authorization to reproduce the Article in order to prevent its deterioration or, if the original is in an obsolete format or the technology to use it is not available, in order to ensure that the Article remains available for teaching or research purposes;
- Present the Article at a meeting or conference, and distribute copies of the Article to those attending the event.
- Grant end users at the Author's own institution (or any other appropriate organization) permission to copy, use, transmit, and publicly perform the work and to create and distribute derivative works.
