Features of direct cost regulation

The regulation of direct costs is an integral part of the cost management and budgeting system. The specifics of their regulation depend on the production and technological processes of the enterprise. Studies conducted at railway transport enterprises have revealed a direct relationship between the formation of direct labor and material costs and their regulatory regulation. To optimize budget cost management, a systematized and economically justified system of norms and standards is necessary, which allows to assess the deviations of actual costs from planned ones and promotes the adoption of informed management decisions.