Home  Journals  International Accounting  8(302) - 2014 February

A Wine quality based costing system

Available online: 13 February 2014

Subject Heading: PROBLEMS OF ACCOUNT

JEL Classification: 

In current economic conditions, an entity’s efficiency mostly hinges on a strategic time-dependent decision-making process, which in turn depends upon various departments’ feedback level. The purpose of this study is to determine the costing systems used in wine-making process and create a wine quality based costing system. The paper implicates that the developed wine quality based costing approach can be used to improve direct costs allocation to cost objects as well as unveil discrepancies between planned and actual losses during the production.

Keywords: costing, cost object, costing systems, decision-making. wine-making

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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