@article{rybicka2022budgeting,
  title = {Budgeting In Production Company},
  author = {Karolina RYBICKA},
  year = 2022,
  url = {https://ibimapublishing.com/p-articles/40ACC/2022/4063422/},
  journal = {Communications of International Proceedings},
  volume = 2022 (28),
  abstract = {The management principles became the basis for the development of standard costing. Standard costs are usually associated with a manufacturing company's costs of direct material, direct labor, and manufacturing overhead. Rather than assigning the actual costs of direct material, direct labor, and manufacturing overhead to a product, many manufacturers assign the expected or standard cost. This means that a manufacturer's inventories and cost of goods sold will begin with amounts reflecting the standard costs, not the actual costs, of a product. Manufacturers, of course, still must pay the actual costs. As a result, there are almost always differences between the actual costs and the standard costs, and those differences are known as variances. The aim of the paper is to present – based on literature studies – definitions and issues connected with cost budgeting. There are used in the work following research methods: literature research as well as case study in production automotive company.},
  keywords = {planning process, budgeting, master budget, standard costing.},
  note = Article ID: 4063422
}