Activity-Based Costing for Marketing and Manufacturing

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Publisher : Praeger
ISBN 13 : 0899308015
Total Pages : 0 pages
Book Rating : 4.8/5 (993 download)

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Book Synopsis Activity-Based Costing for Marketing and Manufacturing by : Ronald Lewis

Download or read book Activity-Based Costing for Marketing and Manufacturing written by Ronald Lewis and published by Praeger. This book was released on 1993-05-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The declining domination of American manufacturers in world class markets has resulted in widespread criticism of traditional costing methods. Activity-based accounting for manufacturing costs emerged in the 1980s to satisfy the changes taking place in production methods and techniques, such as Just-in-Time Inventory Control and Flexible Manufacturing Systems. Although activity-based costing methods may be new in manufacturing processes, they have been advocated and applied by marketing managers since the late 1960s, according to Professor Lewis. The accounting profession has finally recognized the advantages of activity-based concepts and methods for both marketing and manufacturing functions. This book shows how activity-based methods and other cost analysis and control techniques may be used by manufacturing and marketing managers. Part I explains the cost concepts and terminology used in modern businesses and describes the concept of a fully integrated manufacturing and costing system. In world class competition the costing systems must serve the total needs of management, not just financial reporting requirements. Costing systems must be flexible and multi-purpose, which is both possible and practical with state-of-the-art computers and software. Part II summarizes the traditional cost accounting systems, describing job-costing and standard costing systems. The allocation of costs becomes more important with technological advances. A full chapter is devoted to the methods of allocation and the changes required to satisfy advanced manufacturing and activity-based costing techniques. Part III illustrates activity-based costing for manufacturing, activity-based costing for marketing, and an activity-based approach to the behavior of costs as well as explaining the traditional factors of variability. Part IV describes the techniques that are necessary for analysis and control of costs by management. To be well informed, managers must know the fundamentals of break-even analysis, relevant costing, capital budgeting, ROI and transfer pricing. The book makes these techniques easy to understand and to apply to real-life situations. It is particularly appropriate for manufacturing managers involved in operations, and for all marketing managers.

Activity-Based Costing

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3656202486
Total Pages : 41 pages
Book Rating : 4.6/5 (562 download)

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Book Synopsis Activity-Based Costing by : Patrick Zeuner

Download or read book Activity-Based Costing written by Patrick Zeuner and published by GRIN Verlag. This book was released on 2012-06 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Business economics - Controlling, grade: 1,3, University of Applied Sciences Wildau (WIT Wildau), course: Managerial Accounting, 18 entries in the bibliography, language: English, abstract: Activity-based costing first gained publicity in the early 1980s. It was developed as a logical alternative to traditional cost management systems that tended to produce insufficient results when it came to allocating costs. Harvard Business School Professor Robert S. Kaplan was an early advocate of the ABC system. Due to a changing business world and strong competition, the cost structure in many companies changed, while facing an increased price pressure. When profit margins are decreasing, companies are focusing not only on external but also internal opportunities to improve their cost structures and to make hidden costs transparent. This lead to the introduction of Activity-based costing (ABC) as a new approach of process thinking to make the internal organization more flexible to react to changes in the production process and allocation of costs as well as to deal with overcapacities. This paper will focus on the ABC tool, which is aiming at transparency, efficiency increase and improvement of the given cost calculation systems. The ABC method enables management to optimize the enterprise with detailed information for a thorough decision making process. ABC is a method for developing cost estimates, based on the activities used within the production process per cost object. To develop a cost estimate the most important activities within the production cycle - the cost drivers - need to be identified. The activity must be definable and measured in units, e.g. number of man hours. After all activities for producing the product are known, a cost estimate is prepared for each activity. These individual cost estimates contain all labour, materials and equipment costs, including overhead, for each activity. Each complete individual e

Implementing Activity-based Cost Management

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Author :
Publisher :
ISBN 13 :
Total Pages : 370 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Implementing Activity-based Cost Management by : Robin Cooper

Download or read book Implementing Activity-based Cost Management written by Robin Cooper and published by . This book was released on 1992 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: By now, most companies know that activity-based costing, an innovative accounting system that breaks down overhead far more precisely than old-fashioned systems do, can be used to trim waste, improve service, and make better product-mix and pricing decisions. Yet the actual design and implementation of a successful ABC system remains largely a mystery for many companies. Analyzes the experiences of eight real-life companies who took on the challenge of implementing an ABC system, revealing the mistakes, successes, and ultimate triumphs that resulted in each case. Winner of the Notable Contribution to Management Accounting Literature Award.

Activity-Based Costing

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Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Activity-Based Costing by : Douglas T. Hicks

Download or read book Activity-Based Costing written by Douglas T. Hicks and published by . This book was released on 1999 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Activity-Based Costing: Making It Work for Small and Mid-Sized Companies, professional accountant Douglas T. Hicks shows you how to sharpen your competitive edge while bringing you the "total package" of cost information - not just the computational elements. Using an approach developed while solving problems for small and mid-sized companies, Mr. Hicks has created a reader-friendly, comprehensive narrative covering every aspect of the ABC industry, including step-by-step instructions for building a cost accumulation and distribution model for any size business. With examples taken from Fortune 1000 companies, readers will find a wealth of information on ABC features.

How Activity Based Costing Method Works in Determining The Cost of Production

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis How Activity Based Costing Method Works in Determining The Cost of Production by : Angela Teresia

Download or read book How Activity Based Costing Method Works in Determining The Cost of Production written by Angela Teresia and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this day, you need a company to compete with the other company to acquire a good competition between the companies. For example, the manufacturing company such as the one explained in this paper are required to be able to produce a high qualities product with a good price that can compete in the market. Activity Based Costing is a method of calculating the cost of goods manufactured, based on activities in a company so it can calculate the cost of goods manufactured accurately.

Process and Activity-Based Costing

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Author :
Publisher : Bookboon
ISBN 13 : 8776815889
Total Pages : 35 pages
Book Rating : 4.7/5 (768 download)

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Book Synopsis Process and Activity-Based Costing by :

Download or read book Process and Activity-Based Costing written by and published by Bookboon. This book was released on with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Activity Based Costing

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Publisher : P T Publications, Incorporated
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Activity Based Costing by : Peter L. Grieco

Download or read book Activity Based Costing written by Peter L. Grieco and published by P T Publications, Incorporated. This book was released on 1994 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Activity-Based-Costing

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3638797198
Total Pages : 38 pages
Book Rating : 4.6/5 (387 download)

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Book Synopsis Activity-Based-Costing by : Daniel Bradtke

Download or read book Activity-Based-Costing written by Daniel Bradtke and published by GRIN Verlag. This book was released on 2007-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2004 in the subject Business economics - Controlling, grade: 1,5, University of Wales, Newport, course: Management Accounting, 14 entries in the bibliography, language: English, abstract: The initial aim of this report is to layout the main differences of the client's current basis of overhead absorption, compared to activity - based costing (ABC). By showing the divergence of both systems, it appears that information generated from traditional overhead absorption does not properly equip management with suitable information for decision making. An additional aim of this paper focuses on the potential benefits of activity - based costing. It illustrates the chances of ABC as a decision making tool to provide management benefits regarding the accuracy of cost and the achievement of goals and strategies. Lastly, this report highlights all information required for the implementation of ABC into the organisation. It also reveals the necessity to collect and process the information needed in the correct format at a reasonable cost.

Activity-based Costing for Small and Mid-sized Businesses

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Author :
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Activity-based Costing for Small and Mid-sized Businesses by : Douglas T. Hicks

Download or read book Activity-based Costing for Small and Mid-sized Businesses written by Douglas T. Hicks and published by John Wiley & Sons. This book was released on 1992 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Activity-based costing (ABC) is a cost accounting concept that can be used by almost any corporation (manufacturing or service) to gain a competitive advantage through greater understanding of its product and process costs. This book shows how an organization can adopt ABC in a practical, cost-effective way without dismantling current cost information systems.

Common Cents

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Publisher :
ISBN 13 : 9780962957604
Total Pages : 342 pages
Book Rating : 4.9/5 (576 download)

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Book Synopsis Common Cents by : Peter B. B. Turney

Download or read book Common Cents written by Peter B. B. Turney and published by . This book was released on 1991 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: When designed and executed correctly, cost information programs alert decision makers about problems to overcome and opportunities to take advantage of. The difficulty is, conventional sources of financial information often do just the opposite-they hide or misrepresent problems, fail to identify opportunities, and lead to solutions that are ineffective and potentially perilous.

Managerial Accounting

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Publisher : Freeload Press, Inc.
ISBN 13 : 1930789750
Total Pages : 468 pages
Book Rating : 4.9/5 (37 download)

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Book Synopsis Managerial Accounting by :

Download or read book Managerial Accounting written by and published by Freeload Press, Inc.. This book was released on with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Time-Driven Activity-Based Costing

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Publisher : Harvard Business Press
ISBN 13 : 1422163563
Total Pages : 283 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis Time-Driven Activity-Based Costing by : Robert S. Kaplan

Download or read book Time-Driven Activity-Based Costing written by Robert S. Kaplan and published by Harvard Business Press. This book was released on 2007-02-22 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the classroom, ABC looks like a great way to manage a company’s resources. But many executives who have tried to implement ABC on a large scale in their organizations have found the approach limiting and frustrating. Why? The employee surveys that companies used to estimate resources required for business activities proved too time-consuming, expensive, and irritating to employees. This book shows you how to implement time-driven activity-based costing (TDABC), an easier and more powerful way to implement ABC. You can now estimate directly the resource demands imposed by each business transaction, product, or customer. The payoff? You spend less time and money obtaining and maintaining TDABC data—and more time addressing problems that TDABC reveals, such as inefficient processes, unprofitable products and customers, and excess capacity. The authors also show how to use TDABC to link strategic planning to operational budgeting, to enhance the due diligence process for mergers and acquisitions, and to support continuous improvement activities such as lean management and benchmarking. In presenting their model, the authors define the two questions required to build TDABC: 1) How much does it cost per time unit to supply resource capacity for each business process? 2) How much resource capacity (time) is required to perform work for a company’s many transactions, products, and customers? The book demonstrates how to develop simple, valid answers to these two questions. Kaplan and Anderson illustrate the TDABC approach with a wealth of case studies, in diverse settings, based on actual implementations.

Activity-Based Models for Cost Management Systems

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Author :
Publisher : Praeger
ISBN 13 : 0899309658
Total Pages : 0 pages
Book Rating : 4.8/5 (993 download)

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Book Synopsis Activity-Based Models for Cost Management Systems by : Ronald Lewis

Download or read book Activity-Based Models for Cost Management Systems written by Ronald Lewis and published by Praeger. This book was released on 1995-08-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Activity-based costing emerged as an important accounting concept in the mid-1980s in response to global competition. There is an urgent need to place it in perspective, so that both production and marketing managers know its advantages and its limitations. This book describes and explains where activity-based concepts fit in the cost and management accounting body of knowledge. It first shows the traditional framework of cost concepts, terminology, and techniques in order to demonstrate how the activity-based methods can bring about constructive changes in financial control systems. The major feature of the book is the three ABC models for manufacturing processes, marketing functions, and service industries. These models are based on the Institute of Management Accounting (IMA)-sponsored case studies of corporate divisions or branches that have already implemented ABC systems. The study was directed by Harvard professors, Cooper and Kaplan, and KPMG Peat Marwick. The book also includes illustrations of the most important cost analysis and control techniques that every successful operating manager must know.

Principles of Accounting Volume 2 - Managerial Accounting

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Publisher :
ISBN 13 : 9781680922943
Total Pages : 746 pages
Book Rating : 4.9/5 (229 download)

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Book Synopsis Principles of Accounting Volume 2 - Managerial Accounting by : Mitchell Franklin

Download or read book Principles of Accounting Volume 2 - Managerial Accounting written by Mitchell Franklin and published by . This book was released on 2019-02-14 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

Using Activity-based Costing for Marketing Cost

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Publisher :
ISBN 13 :
Total Pages : 118 pages
Book Rating : 4.:/5 (525 download)

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Book Synopsis Using Activity-based Costing for Marketing Cost by : Hariyono Wijaya

Download or read book Using Activity-based Costing for Marketing Cost written by Hariyono Wijaya and published by . This book was released on 2002 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pricing for Profitability

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Publisher : John Wiley & Sons
ISBN 13 : 0471221597
Total Pages : 288 pages
Book Rating : 4.4/5 (712 download)

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Book Synopsis Pricing for Profitability by : John L. Daly

Download or read book Pricing for Profitability written by John L. Daly and published by John Wiley & Sons. This book was released on 2002-07-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bei der Festlegung eines Produktpreises gibt es drei Möglichkeiten. Wird der Preis zu hoch angesetzt, verkauft sich das Produkt schlecht; wird er zu niedrig angesetzt, wird die Arbeit unrentabel. Nur dann, wenn der Preis produktangemessen ist, schlägt sich dies in guten Absatzzahlen und entsprechendem Gewinn für das Unternehmen nieder. Ebenso wie Activity-Based Costing (ABC - auslastungsorientierte Kostenrechnung) und Activity-Based Management (ABM - Prozesskostenmanagement) die Kostenrechnung revolutioniert haben, liefert die Methode des Activity-Based Pricing (kostenorientierte Preisgestaltung) einen disziplinierten Ansatz für die Preisbestimmung. Activity-Based Pricing berücksichtigt die tatsächlichen Produktions- und Servicekosten, die mit Hilfe des Activity-Based Costing exakt ermittelt werden können. Auf diese Weise kann man den Preis für das jeweilige Produkt genau festlegen. "Pricing for Profitability" erläutert ausführlich, wie ABC- und ABM-Verfahren angewendet werden müssen, um eine Preisgestaltung mit maximaler Gewinnaussicht zu erreichen. Darüber hinaus werden auch Preisstrategien für absatzstarke/absatzschwache Produkte sowie für komplexe und einfache Produkte diskutiert, die sich vom "Durchschnitt" abheben. "Pricing for Profitability" - Ein nützlicher Leitfaden für alle wettbewerbs- und gewinnorientierten Finanzleiter und Controller.

Marketing Decision Making and the Management of Pricing

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Publisher : IGI Global
ISBN 13 : 1466640952
Total Pages : 274 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Marketing Decision Making and the Management of Pricing by : Rajagopal

Download or read book Marketing Decision Making and the Management of Pricing written by Rajagopal and published by IGI Global. This book was released on 2013-05-31 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book provides the latest research studies, market analysis, and best practices utilized in emerging markets to gain competitive advantage and market leadership"--Provided by publisher.