This document discusses cost-based pricing strategies and compares traditional costing approaches to activity-based costing. Traditional costing allocates overhead expenses arbitrarily, which can reduce customer value. Activity-based costing links resource expenses to the variety and complexity of goods and services, yielding more accurate cost information. However, when setting prices, customers care more about the value of the product to themselves rather than the production costs to the firm.
Design and Implement the Activity-Based Costing in Taiwan FirmIOSRJBM
We design and implement the activity-based costing (ABC) to the communication firm in Taiwan which originally adopted the existing traditional costing method (TC) to measure the unit cost. In contemporary research, the activity-based costing (ABC) was utilized to measure and analyze the product unit cost in production process. This firm originally adopted a roughly estimate based in cost system to allocate support department cost, meanwhile it adopted the direct labor hour (DLR) to allocate the conversion costs to products. This original traditional costing (TC) has the weakness on distorting the product unit cost since it pulls all of costs into the single pool and activity. We collected and analyzed field data for 24 months through interviews, files gathering, and cost data to analyze B Company’s product characteristics, production process, and existing costing during 2010 to 2012. We compared and contrasted B firm implemented both ABC and TC cost allocation method on unit cost, the activity center and production system. Our researches focus on analyzing the existing cost accounting system, designing a practical ABC system and applying ABC on the support-cost allocation, comparing the cost data under the existing cost system and ABC, and providing the suggestion about the ABC implementation follow-up activities.Our results found that the traditional cost system in this firm overestimates the costs of high direct labor-hour products and underestimates the costs of high complexity products. Instead of the tradition costing (TC) or the conventional costing or the simple costing with the single indirect-cost pool and arbitrary allocation bases, the ABC creates homogeneous cost pools (activities) linked to different cost-allocation bases that have cause-and-effect relationships. Finally, our findings are that the implementation of the ABC provided more accuracy in allocating the unit cost, more reasonable information and cost allocation for the activity center, and non-financial information for the production system.
ACtivItY BaSeD CostinG, Value ChAin AnalysiS, TargeT cosTing & Life Cycle Cos...Sonu Sah
It is the small presentation on the topic of activity based costing, value chain analysis, target costing and life cycle costing of the Cost and Management Accounting.
Design and Implement the Activity-Based Costing in Taiwan FirmIOSRJBM
We design and implement the activity-based costing (ABC) to the communication firm in Taiwan which originally adopted the existing traditional costing method (TC) to measure the unit cost. In contemporary research, the activity-based costing (ABC) was utilized to measure and analyze the product unit cost in production process. This firm originally adopted a roughly estimate based in cost system to allocate support department cost, meanwhile it adopted the direct labor hour (DLR) to allocate the conversion costs to products. This original traditional costing (TC) has the weakness on distorting the product unit cost since it pulls all of costs into the single pool and activity. We collected and analyzed field data for 24 months through interviews, files gathering, and cost data to analyze B Company’s product characteristics, production process, and existing costing during 2010 to 2012. We compared and contrasted B firm implemented both ABC and TC cost allocation method on unit cost, the activity center and production system. Our researches focus on analyzing the existing cost accounting system, designing a practical ABC system and applying ABC on the support-cost allocation, comparing the cost data under the existing cost system and ABC, and providing the suggestion about the ABC implementation follow-up activities.Our results found that the traditional cost system in this firm overestimates the costs of high direct labor-hour products and underestimates the costs of high complexity products. Instead of the tradition costing (TC) or the conventional costing or the simple costing with the single indirect-cost pool and arbitrary allocation bases, the ABC creates homogeneous cost pools (activities) linked to different cost-allocation bases that have cause-and-effect relationships. Finally, our findings are that the implementation of the ABC provided more accuracy in allocating the unit cost, more reasonable information and cost allocation for the activity center, and non-financial information for the production system.
ACtivItY BaSeD CostinG, Value ChAin AnalysiS, TargeT cosTing & Life Cycle Cos...Sonu Sah
It is the small presentation on the topic of activity based costing, value chain analysis, target costing and life cycle costing of the Cost and Management Accounting.
Activity based costing is considered to be useful only for Manufacturing Organizations whereas reality is that it is equally usefull to Service providers
Value Creation= It is ratio of Functional Value to Cost associated.
Current and Future Economic stability is dependent on primary drivers such as
ROC(return on capital employed), operating margin, Net asset Turnover to focus on
revenue management, cost management, fixed asset management and working capital management.
To align with the objective of WMS(World class Manufacturing System) in India region with strategy as low cost producer and developing initiative as control on cash flows.
Various projects being taken for reduction in manufacturing overheads, cost reduction in areas of indirect expenses, inventory reduction etc.
Activity based costing is considered to be useful only for Manufacturing Organizations whereas reality is that it is equally usefull to Service providers
Value Creation= It is ratio of Functional Value to Cost associated.
Current and Future Economic stability is dependent on primary drivers such as
ROC(return on capital employed), operating margin, Net asset Turnover to focus on
revenue management, cost management, fixed asset management and working capital management.
To align with the objective of WMS(World class Manufacturing System) in India region with strategy as low cost producer and developing initiative as control on cash flows.
Various projects being taken for reduction in manufacturing overheads, cost reduction in areas of indirect expenses, inventory reduction etc.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
4. Traditional costing approach
– Emphasizes expense categories (arbitrary overheads
allocation)
– May result in reducing value generated for customers
5. ABC management systems
– Link resource expenses to variety and complexity
of goods/services produced
– Yields accurate cost information
6. When looking at prices, customers care about
value to themselves, not what service
production costs the firm
