The Research On Application Of Standard Costing Management In P Company

With the deepening reform and rapid economic development in China, the supply of material resource becomes more and more plentiful, people face more and more choices, and they increasingly like the commodities with high quality and low price. Under such circumstances, not only widely developing new market channels, but also hardly driving continuously technical innovation and cost reduction, improving cost efficiency to provide high quality products and first-class service can help the enterprises survive and win from fierce market competition. How the enterprises reasonably control their cost, drive unnecessary loss avoidance and improve resource efficiency is an urgent and important study, which deserves further research and discussion for all the scholars and administrators.This thesis focus on the object on standard cost management by a method of both theory and case analysis. It expounds the concept and theory of standard cost, reviews the research about standard cost theory in domestic and abroad, also introduces budget management and cost control theory on top of standard cost concept. This thesis makes a study of basic industry profile on consumer goods industry, its total delivery cost element breakdown and characteristics. Then it drives a in-depth study and analysis on standard cost management system in P Company which covering each aspect, such as the organizational structure of standard cost system, the responsibility of each divided cost center, the practice of annual standard cost set up, the execution of periodically cost calculation and variance analysis, the process cost performance evaluation and cost budget control.Per in-depth analysis, it draws a conclusion that P Company has achieved good performance on standard cost management and control. Many cost control measures in P Company are feasible. But there appears to be other outage as well, so it gives some reasonable recommendations accordingly, in the hope of bringing some inspirations to P Company, also offers the references for other companies in consumer industry or other manufacturing companies.