IMPROVING THE METHODOLOGY OF PRODUCT COST FORMATION IN CARPET MANUFACTURING ENTERPRISES
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Abstract
this paper examines the principles of cost formation in the carpet manufacturing industry, focusing on strategies to enhance cost calculation methods in production enterprises. It highlights the importance of accurate cost classification, the impact of cost price on competitiveness, and the role of digital technologies in expense management. Using Evaks Fabric LLC as a case study, the research analyzes how production costs are tracked, calculated, and optimized. It also outlines government policies aimed at supporting carpet manufacturing in Uzbekistan, along with practical solutions to reduce production costs and improve profitability.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Cabinet of Ministers of the Republic of Uzbekistan. (2021). Resolution No. 87 dated February 18, “On the Procedure for Calculating and Planning Production Costs.”
Ministry of Justice of the Republic of Uzbekistan. (2020). National Accounting Standard (BHMS No. 4): “Inventory”, registered on June 30, No. 3259.
Ergashev, N. (2021). “Factors in Reducing Cost in Carpet Production”, Journal of Economic Research, No. 3, pp. 45–51.
Internal financial and production reports of Evaks Fabric LLC (2022–2024). [Used with permission for academic research]
Recommended References for Further Study
Horngren, C. T., Datar, S. M., & Rajan, M. V. (2015). Cost Accounting: A Managerial Emphasis. Pearson Education.
A comprehensive textbook covering cost accounting principles, cost behavior, and cost management strategies.
Kaplan, R. S., & Atkinson, A. A. (2014). Advanced Management Accounting. Pearson.
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Heizer, J., & Render, B. (2020). Operations Management: Sustainability and Supply Chain Management. Pearson.
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International Federation of Accountants (IFAC). (2019). International Good Practice Guidance on Implementing Sustainability in Business.
Guidelines on integrating sustainability into corporate financial and operational practices.
Uzbekistan Cabinet of Ministers. (2021). Resolution No. 87, On the Procedure for Calculating and Planning Production Costs.
National regulatory document outlining cost calculation standards relevant to carpet manufacturing enterprises.
Ergashev, N. (2021). “Factors in Reducing Cost in Carpet Production,” Journal of Economic Research, No. 3, pp. 45–51.
A research article analyzing cost reduction factors specifically in the carpet industry.