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Cost Driver Optimisation In Activity-based Costing

At the same time, there may be...Citation:Balachandran, Bala. 1993. All Rights Reserved. Select the topics that are inaccurate. or its licensors or contributors. navigate here

Cooper (1988a, 1988b, 1989a, 1989b) provided a comprehensive discussion of activity-based costing (ABC), following the pioneering work of Kaplan (1983, 1984). Absorbed: Journals that are combined with another title. All Programs Full-Time MBA Evening & Weekend MBA Executive MBA Doctoral Program Undergraduate Program MS in Management Studies Discover options that align with your goals Whichever program you choose, you will This is how we equip leaders to think bravely.

Thumbs down. An ABC system achieves improved accuracy in estimation of costs by using multiple cost drivers to trace the cost of activities to the products associated with the resources consumed by those This information supports better management of corporate resources in produc-tion of products or provision of services, and improves ...Yair Babad hasn't uploaded this paper.Let Yair know you want this paper to Since the number of events performed in a firm is often vast, it may not be cost-effective to use a distinct and different cost driver for each activity.

Programs x Why Kellogg? Single objective optimization models are presented that focus on the maximization of overall correlation between cost drivers and cost pools by considering different preferences in the selection process such as maximum Complete: Journals that are no longer published or that have been combined with another title. ISSN: 00014826 Subjects: Business & Economics, Business Collections: JSTOR Essential Collection, For-Profit Academic Arts & Terms Related to the Moving Wall Fixed walls: Journals with no new volumes being added to the archive.

Educators. Thus, ABC is the information system that reveals the cost and profitability structure of products and services in an organization, while ABM describes the actions taken to improve quality and reduce The primary criterion for publication in The Accounting Review is the significance of the contribution an article makes to the literature. http://www.academia.edu/24340967/Cost_driver_optimization_in_activity-based_costing The model is formulated as an integer program and is solved efficiently by using a composite greedy algorithm.

Loading Processing your request... × Close Overlay About x About Kellogg Global Impact Diversity & Inclusion Leadership Capital Campaign New Building Collaborative and world changing Kellogg brings bold ideas to the Moving walls are generally represented in years. This is what we teach. Our alumni exemplify excellence in management.

Author links open the author workspace.Tallinn University of Technology, Ehitajate st. 5, Tallinn, EE19086, EstoniaShow morehttps://doi.org/10.1016/j.sbspro.2013.12.948Get rights and contentUnder a Creative Commons licenseAbstractThe major task of cost accounting is connected with ScienceDirect ® is a registered trademark of Elsevier B.V.RELX Group In this context, a cost management system can also be viewed as a planning and control management system (Berliner and Brimson 1988). Please enable JavaScript to use all the features on this page.Procedia - Social and Behavioral SciencesVolume 110, 24 January 2014, Pages 1014-1022open accessTheoretical Framework and an Overview of the Cost Drivers

Author links open the author workspace.Opens the author workspaceOpens the author workspaceTatjana Põlajeva. http://asmwsoft.net/cost-driver/cost-drivers-in-activity-based-costing.html See something inaccurate? Note: In calculating the moving wall, the current year is not counted. In this article, ABC is used as a generic concept without any loss of generality.

Learn to overcome new challenges in a dynamic environment, to scale and work effectively on a global platform, and to build a common leadership culture. Page Thumbnails 563 564 565 566 567 568 569 570 571 572 573 574 575 The Accounting Review © 1993 American Accounting Association Request Permissions JSTOR Home About Search Browse Terms These topics are helpful. his comment is here The world knows us for combining the power of analytics and people.

We show how to determine the number of drivers, and identify the representative cost drivers. An ABC system achieves improved accuracy in estimation of costs by using multiple cost drivers to trace the cost of activities to the products associated with the resources consumed by those Topics: Capital costs, Direct labor costs, Labor costs, Unit labor costs, Cost savings, Cost efficiency, Production costs, Per unit production costs, Economic costs, Costing Were these topics helpful?

Single objective...https://books.google.com.au/books/about/Cost_Driver_Selection_in_Activity_based.html?id=oBMwOAAACAAJ&utm_source=gb-gplus-shareCost Driver Selection in Activity-based Costing SystemsMy libraryHelpAdvanced Book SearchGet print bookNo eBook availableAngus & RobertsonBooktopia.com.auDymocksFishpond.com.auFind in a libraryAll sellers»Shop for Books on Google PlayBrowse the world's largest eBookstore and

In order to improve the accuracy and credibility of the allocation the most appropriate cost drivers should be selected, and more than one cost driver should be applied. In order to preview this item and view access options please enable javascript. Thus the decision on which and how many cost drivers to use is of critical importance. Two potential situations, having invalid cost drivers and correlated cost drivers, which the system developer may encounter in the decision process, are also incorporated into the models.

In this respect, a cost driver is an event, associated with an activity, that results in the consumption of firm's resources. In this article, we provide an optimization model that balances savings in information processing costs with loss of accuracy. At the same time, there may be other competing cost drivers, such as setup hours, better correlated with the resources consumed by these grouped activities. weblink Capital costs Direct labor costs Labor costs Unit labor costs Cost savings Cost efficiency Production costs Per unit production costs Economic costs Costing Cancel Subscribe ($19.50) Add to My Lists Cite

PREVIEW Subscribe to JPASS Monthly Plan Access everything in the JPASS collection Read the full-text of every article Download up to 10 article PDFs to save and keep $19.50/month Yearly Plan Access JSTOR through your library or other institution: login Log in through your institution. Thumbs up. The article also provides the first-time review of the study carried out on implementation of cost accounting in universities, including the use of cost drivers.

For instance, each setup may be associated with a single cost driver that accounts for moving, grouping, sequencing, and segmenting. The scope of acceptable articles embraces any research methodology and any accounting-related subject.