PRODUCT COST CALCULATION METHODS USED IN UZBEKISTAN

Abstract

The scientific foundation of cost accounting is a requirement for accurate product pricing, which is the most significant economic tool for influencing production development and boosting its economic efficiency. Planning production expenses includes determining product costs, which is tied to how cost accounting is organized for manufacturing. The cost of production calculation used in pricing should offer the most thorough and accurate reflection of living expenses and materialized labor costs for each type of product, a separate account of all costs and payments that are included in the cost of production but are not actually incurred during production, and complete comparability of the make-up and content of cost elements across industries and at various enterprises.