Differences in the Cost Calculation for Construction Work, Road Transport and Water Supply
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21260%2F19%3A00355573" target="_blank" >RIV/68407700:21260/19:00355573 - isvavai.cz</a>
Alternative codes found
RIV/00216305:26110/19:PU133323
Result on the web
<a href="https://doi.org/10.1088/1757-899X/603/3/032086" target="_blank" >https://doi.org/10.1088/1757-899X/603/3/032086</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1088/1757-899X/603/3/032086" target="_blank" >10.1088/1757-899X/603/3/032086</a>
Alternative languages
Result language
angličtina
Original language name
Differences in the Cost Calculation for Construction Work, Road Transport and Water Supply
Original language description
This paper presents a method of cost and price calculation of construction work, road transport and water and sewerage charges in the Czech Republic. Costs represent an important economic category that is closely related to the price. Each company must perfectly manage costing, especially absorption costing, which consists of budgeting overhead costs on the production (performance, products and services). Absorption costing is characterized by including indirect (overhead) costs together with direct costs of production into the calculation, i.e. it must absorb them completely into the costs. The absorption method is represented by the surcharge calculation. However, creating the calculation formula for absorption costing and the procedure of cost and price calculation have their specifics in various branches of the economy. Differences can be seen in examples of selected case studies. They deal with the representative cost and price calculation of construction work on a particular construction, cost and price calculation of the road transport and one-component and two-component cost and price calculation of the water and sewerage charges. All types of calculation must reflect the economic situation of the company marketing of a new product. The diversity of the product types mentioned above indicates the need for other inputs in the calculation and different calculation procedures. Without mastering absorption costing, it is not possible to introduce more accurate calculation methods, such as the Dynamic Calculation with Contribution Margin or in the next step implement the Balanced Scorecard. Correct absorption costing can be checked by the fact that the sum of all company production costs must correspond to the sum of the financial accounting cost accounts. However, cost control is not the subject of this article.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
IOP Conference Series: Materials Science and Engineering
ISBN
—
ISSN
1757-8981
e-ISSN
—
Number of pages
9
Pages from-to
1-9
Publisher name
Institute of Physics Publishing
Place of publication
London
Event location
Praha
Event date
Jun 17, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000562099101097