BALON Petr VSB - Technical University of Ostrava

Spoluautoři BUCHTOVÁ Jana

This paper summarizes the results of a case study concerning cost management that took place in the chosen foundry. This study focuses on the comparison between the theoretical costing model and its practical applications. Costing represents an instrument used to determine the consumed costs for the creation of specific outputs of a company and then for determining their prices. It is clear that it significantly affects the competitiveness of the company. It is important to know the foundry process, which is copied by costing, for relevant determination of the costs of production and prices of final foundry output. The aim of this paper is to characterize the problematic areas in the process of costing of the chosen foundry and to provide possible solutions to improve this process. The instrument used to achieve the intended aim is the analysis of the typical costing model of the specific foundry (divided into four basic phases – the calculation of core production, the calculation of liquid metal, the calculation of casting production and the price calculation), which basically represents the absorption costing.