Daiva Tamulevičienė

Faculty of Economics and Business Administration, 

Vilnius University, 

Lithuania 

daiva.tamuleviciene@evaf.vu.lt

Methodology of complex analysis for production costs at manufacturing enterprises

Manuela Tvaronavičienė

Faculty of Business Management,

Vilnius Gediminas Technical University,

Lithuania

manuela.tvaronaviciene@vgtu.lt

Jonas Mackevičius

Faculty of Economics and Business Administration, 

Vilnius University, 

Lithuania

jonas.mackevicius@evaf.vu.lt 

Abstract. Production cost is one of the most important company’s activity indicators characterizing company’s expenditure related to production and sales. Under competitive market conditions it is important for managers to be aware of the actual production cost and of the possibilities to decrease it. It can be achieved by conducting complex analysis of the production cost. The aim of this article is to substantiate the significance of expenditures and production cost at manufacturing enterprises and to suggest a methodology of such a complex analysis of production cost for manufacturing enterprises. The article analyses the volumes, dynamics and structure of Lithuanian business enterprises’ expenditures as well as the cost of sales by economic activity types. An exemplary scheme of the complex analysis of the production cost for manufacturing enterprises is presented. Actions carried out by production cost analysts are studied; absolute and relative indicators are estimated and analysed.

Received: January, 2020

1st Revision: September, 2020

Accepted: October, 2020

DOI: 10.14254/2071-8330.2020/13-4/9

JEL Classification: D24, E23, L23

Keywords: production cost, cost analysis, complex analysis, expenditures of Lithuanian enterprises