scholarly journals Time driven activity based budget in strategic decisions; implementation in a manufacturing company

2015 ◽  
Vol 12 (2) ◽  
pp. 64-73
Author(s):  
Hamide Özyürek
Keyword(s):  
Resource Consumption ◽  
Manufacturing Companies ◽  
Activity Based Costing ◽  
Strategic Decisions ◽  
Manufacturing Company ◽  
Cost Of Time ◽  
The Cost

This study was carried out in order to find out the applicability of time-driven activity based butgeting method at manufacturing companies in Turkey. The results obtained from the application of time driven activity based butgeting system can be summarized briefly as follows. Company makes the application through different processes and different products are sold to different customers. For this reason, resource consumption levels of the products vary. Be taken into account in determining the cost of time consumed in the product gives more accurate results. Down to the cost of the follow-up activities with the factory Time Driven Activity Based Costing it is possible to do. Just when you need to update the equation will be determined and put in place are sufficient

Implementation of Time-Driven Activity-Based Costing System in the Manufacturing Industry

2020 ◽  
pp. 272-283 ◽  
Author(s):  
Ahmet Özcan
Keyword(s):  
Manufacturing Industry ◽  
Business Environment ◽  
Activity Based Costing ◽  
Strategic Decisions ◽  
Quality Cost ◽  
Goods And Services ◽  
Costing System ◽  
The Cost ◽  
Capacity Cost

In the current business environment, the costing system used within the firms has prominent impact on strategic decisions. High-quality cost data significantly increases the quality of firms' strategic decisions. The activity-based costing system has failed to satisfy the needs of firms operating in the competitive economic environment. The time-driven activity-based costing system is the developed version of activity-based costing system. Time-driven activity-based costing system is one of the most sophisticated costing systems that enable firms to accurately calculate the cost of goods and services. Time-equations are used in time-driven activity-based costing system to estimate the time consumed by each activity. This chapter aims to discuss main dynamics of time-driven activity-based costing system and provides an illustration of this costing system in the manufacturing industry. The case study demonstrates that time-driven activity-based costing system is useful in calculating idle capacity cost.

Economic impact and cost savings of teledermatology units compared to conventional monitoring at hospitals in southern Spain

2020 ◽  
pp. 1357633X2094204
Author(s):  
Antonio Lopez-Villegas ◽  
Rafael Jesus Bautista-Mesa ◽  
Miguel Angel Baena-Lopez ◽  
Maria Luisa Alvarez-Moreno ◽  
Jesus E Montoro-Robles ◽  
...  
Keyword(s):  
Cost Saving ◽  
Health Care Systems ◽  
Cost Savings ◽  
Public Health Care ◽  
Retrospective Assessment ◽  
Care Systems ◽  
Cost Of Time ◽  
One Year ◽  
The Cost

Introduction Asynchronous teledermatology (TD) has undergone exponential growth in the past decade, allowing better diagnosis. Moreover, it saves both cost and time and reduces the number of visits involving travel and opportunity cost of time spent on visits to the hospital. The present study performed a cost-saving analysis of TD units and assessed whether they offered a cheaper alternative to conventional monitoring (CM) in hospitals from the perspective of public health-care systems (PHS) and patients. Methods This study was a retrospective assessment of 7030 patients. A cost-saving analysis comparing TD units to CM for patients at the Hospital de Poniente was performed over a period of one year. The TD network covered the Hospital de Poniente reference area (Spain) linked to 37 primary care (PC) centres that belonged to the Poniente Health District of Almeria. Results We observed a significant cost saving for TD units compared to participants in the conventional follow-up group. From the perspective of a PHS, there was a cost saving of 31.68% in the TD group (€18.59 TD vs. €27.20 CM) during the follow-up period. The number of CM visits to the hospital reduced by 38.14%. From the patients’ perspective, the costs were lower, and the cost saving was 73.53% (€5.45 TD vs. €20.58 CM). Discussion The cost-saving analysis showed that the TD units appeared to be significantly cheaper compared to CM.

scholarly journals Cost Accounting In Auto Manufacturing Companies In Germany And The United States

2010 ◽  
Vol 9 (3) ◽  
Author(s):  
Robert Jinkens ◽  
RamMohan R. Yallapragada
Keyword(s):  
United States ◽  
Management Accounting ◽  
Cost Accounting ◽  
The United States ◽  
Financial Accounting ◽  
Manufacturing Companies ◽  
Activity Based Costing ◽  
Product Costing ◽  
Accounting Reports ◽  
The Cost

Corporate accountants are mandated to prepare and distribute financial accounting reports for external U.S.ers at end of each accounting period.  However, there are no similar statutory requirements for corporate accountants to provide managers of their companies with the management accounting information necessary for decision making in their bU.S.iness operations.   Cost accounting is an important integral part of management accounting.  Product costing has always been a much debated issue in management accounting.  The area that has generated a host of conflicting views is the allocation of overhead costs to products.  Traditional absorption costing is claimed to be resulting in an unfair allocation of overhead costs to products.  New approaches such as the Activity Based Costing (ABC) did not receive widespread adoption. It is being realized in management accounting field that an emerging costing method known as Resource Consumption Accounting (RCA) is a better method for product costing.  It is a method adopted by the German manufacturing companies.  This paper describes the German cost accounting method and also compares the German cost accounting with the cost accounting in the United States, specifically in the automobile manufacturing indU.S.try.

Capacity utilization analysis through time-driven ABC in a small-sized manufacturing company

2019 ◽  
Vol 69 (1) ◽  
pp. 192-216 ◽  
Author(s):  
Hümeyra Adıgüzel ◽  
Marios Floros
Keyword(s):  
Small Firms ◽  
Practical Implication ◽  
Capacity Utilization ◽  
Manufacturing Companies ◽  
Activity Based Costing ◽  
Manufacturing Firm ◽  
Content Type ◽  
Manufacturing Company ◽  
Product Costs

Purpose The purpose of this paper is to provide a case study about the capacity utilization analysis in a small-sized manufacturing company through the application of time-driven activity-based costing (TDABC). After a brief overview of development of the TDABC system, a detailed application of TDABC and capacity utilization analysis in a bakery is given. Design/methodology/approach This paper is based on a case study about the application of TDABC in a small-sized Greek manufacturing firm. In the case study, time equations were developed for the supporting, operating and manufacturing departments and product costs determined based on the model. Capacity utilization analysis made through the application of TDABC system. Findings The study shows that TDABC is more applicable in small-sized manufacturing companies because of their labor-intensive nature. In contrast to previous studies, authors argue that even in small firms simple excel sheets are not enough to capture the complexity of the time equations and business intelligence software and programming coding is required. Research limitations/implications Although the fundamental structure of TDABC is the same for all companies there is no strict form of application. Practical implications The practical implication of this paper is that each firm has unique characteristics that need to be reflected in the application of the TDABC model. Originality/value This paper contributes by providing insights into cost accounting in SMEs. More specifically, this paper contributes to the TDABC literature regarding the application of the system in small and medium sized manufacturing firms.

scholarly journals Time-driven activity-based costing

2017 ◽  
Vol 14 (1) ◽  
pp. 2-20 ◽  
Author(s):  
Rúben Silva Barros ◽  
Ana Maria Dias Simões da Costa Ferreira
Keyword(s):  
Manufacturing Companies ◽  
Activity Based Costing ◽  
Food Sector ◽  
Content Type ◽  
Frozen Food ◽  
Service Companies ◽  
Manufacturing Company ◽  
Production Areas ◽  
Automated Procedures ◽  
Practical Implications

Purpose By designing a pilot time-driven activity-based costing (TDABC) model, this study aims to examine in depth the suitability and the complexity of TDABC in a manufacturing company. Design/methodology/approach To obtain a deeper understanding on the matters to analyse, this research adopts an interventionist approach. The host organisation is GP, a Portuguese company in the frozen food sector. Findings The authors’ experience allows them to assert that TDABC is suitable for a manufacturing company and it is able to deal with the variability of the industrial processes. Nonetheless, through a comparison with the models presented in the literature, TDABC appears to be more complex for manufacturing. The authors argue that this happens for two reasons. First, the two types of resources (human labour and machinery) used in production areas create a need to split tasks and to create two equations for each process, something that does not happen in service companies. Second, times are difficult to individualise for certain highly automated procedures, which could also give rise to some errors. Research limitations/implications The designed model is compared to other models presented in the literature. Practical implications This study shows a real example of TDABC in manufacturing and the procedural innovation of the time equations. Originality/value As the TDABC literature has been mostly focused on examples of service companies, the authors examine the technical suitability and the complexity of TDABC in manufacturing companies.

TDABC for a manufacturing environment: A case study

Tékhne ◽  
2018 ◽  
Vol 16 (2) ◽  
pp. 2-10
Author(s):  
Ashwin B. Ganorkar ◽  
Ramesh R. Lakhe ◽  
Kamalkishor N. Agrawal
Keyword(s):  
Manufacturing Industry ◽  
Small Scale ◽  
Manufacturing Companies ◽  
Activity Based Costing ◽  
Product Cost ◽  
Costing System ◽  
Traditional Costing ◽  
The Cost ◽  
A Company

Abstract Costing system is an essential part of a company. Determining the accurate cost of a product or service is extremely important for the profitability and performance of a company. Over the years, different approaches and models have been developed to estimate the cost of the product manufactured. However, their models were found to be inadequate in the correct value of the product cost. In the last decade, activity-based costing (ABC) has been successfully adopted by many companies worldwide. Nonetheless, because of its high maintenance and setup cost, it has been abandoned and a new time-driven activity-based costing (TDABC) model has been developed. Though adopted by many large scale-manufacturing industries, TDABC has not been implemented in small scale manufacturing companies due to unavailability of resources and also ignorance about its implementation. This paper presents a model for the application of TDABC in the small scale manufacturing industry. The model is implemented in a furniture manufacturing company for the estimation of product cost. The cost obtained from the TDABC is compared with the traditional costing system and established the accuracy of TDABC over the traditional costing system. Along with the case study, this paper also discusses the different data results obtained from TDABC and its utility for the managers and the decision makers.

scholarly journals PENTINGNYA MENGETAHUI PERBEDAAN HARGA POKOK PENJUALAN PERUSAHAAN DAGANG DAN MANUFAKTUR

2021 ◽  
pp. 25
Author(s):  
Sofia Prima Dewi ◽  
Jocevine Angela
Keyword(s):  
Community Service ◽  
Manufacturing Companies ◽  
Labor Costs ◽  
Manufacturing Costs ◽  
Financial Reports ◽  
Material Costs ◽  
Manufacturing Company ◽  
The Cost ◽  
A Company ◽  
Previous Training

The problem faced by partners, namely the Dharma Pembangunan Scholarship Institute, is that students do not understand in depth the topics regarding cost of goods sold, but for a company, both a company and a manufacturing company, the cost of goods sold is important. Lecturers of the Faculty of Economics and Tarumanagara University offer solutions by providing training on the cost of goods sold in trading companies, supporting direct material costs, supporting direct labor costs, factory overhead costs (indirect production), total manufacturing costs, cost of goods manufactured, and prices. of sales in a manufacturing company. The target of this training is for the students of the Dharma Pembangunan Scholarship Institute to understand the cost of goods sold in trading and manufacturing companies. First, a survey was conducted and based on the survey, in order to discuss material about partners regarding the cost of goods sold in trading and manufacturing. The topic this time is a continuation of previous community service activities. Students have received different topics from the previous training. Furthermore, the lecturer prepares material in the form of theories and examples of what will be given to students. Training for students of the Dharma Pembangunan Scholarship Institute was carried out online because there were still obstacles to the corona virus pandemic (Covid-19). It is hoped that with this training students can understand how to determine the cost of goods sold in a manufacturing company. The activity ended with making SENAPENMAS articles as mandatory outputs, articles in the PINTAR media as additional outputs, posters, final reports, and financial reports on activities that had been carried out. Permasalahan yang dihadapi oleh mitra yaitu Lembaga Beasiswa Dharma Pembangunan adalah para siswa siswi belum memahami secara mendalam topik mengenai penentuan harga pokok penjualan padahal bagi sebuah perusahaan, baik perusahaan dagang maupun perusahaan manufaktur, penentuan harga pokok penjualan sangatlah penting. Dosen Fakultas Ekonomi dan Bisnis Universitas Tarumanagara menawarkan solusi dengan memberikan pelatihan mengenai penentuan harga pokok penjualan di perusahaan dagang, penentuan biaya bahan baku langsung, penentuan biaya tenaga kerja langsung, penentuan biaya overhead pabrik (biaya produksi tidak langsung), penentuan total biaya manufaktur, penentuan harga pokok produksi, dan penentuan harga pokok penjualan di perusahaan manufaktur. Target pelatihan ini adalah agar siswa siswi Lembaga Beasiswa Dharma Pembangunan dapat memahami penentuan harga pokok penjualan di perusahaan dagang dan manufaktur. Pertama-tama dilakukan survei terlebih dahulu dan berdasarkan survei, mitra meminta agar dapat dibahas materi mengenai penentuan harga pokok penjualan di perusahaan dagang dan manufaktur. Topik kali ini ialah kelanjutan dari kegiatan pengabdian kepada masyarakat sebelumnya. Siswa siswi sudah pernah mendapatkan topik yang berbeda dari pelatihan sebelumnya. Selanjutnya dosen mempersiapkan materi berupa teori maupun contoh soal yang akan diberikan kepada para siswa siswi. Pelatihan ke siswa siswi Lembaga Beasiswa Dharma Pembangunan dilakukan secara online dikarenakan masih ada kendala pandemi virus corona (Covid-19). Diharapkan dengan adanya pelatihan ini siswa siswi dapat memahami bagaimana menentukan harga pokok penjualan di perusahaan manufaktur. Kegiatan diakhiri dengan membuat artikel SENAPENMAS sebagai luaran wajib, artikel di media PINTAR sebagai luaran tambahan, poster, laporan akhir, dan laporan keuangan atas kegiatan yang telah dilakukan.

On strategy for the development of multifunctional social infrastructure complexes in the ‘Smart City’ paradigm

2020 ◽  
Vol 26 (7) ◽  
pp. 1469-1495
Author(s):  
A.L. Sabinina ◽  
V.V. Sokolovskii ◽  
N.A. Shul'zhenko ◽  
N.A. Sychova
Keyword(s):  
Smart City ◽  
Housing Demand ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Strategic Decisions ◽  
Demand And Supply ◽  
Living Space ◽  
Two Stages ◽  
The Cost ◽  
Comprehensive Study

Subject. The article describes the findings of the authors of fundamental strategic decisions on the formation of multifunctional urban complexes, using the housing demand and supply criterion. Objectives. We undertake a comprehensive study aimed at perfecting the methodology for evaluating the options for city infrastructure development at two stages, i.e. strategic, when general targets of feasible commissioning are determined, and current, when parameters of demand for facilities are taken into account. Methods. The study employs methods of expert survey, statistical data processing, predictive and investigative analysis. Results. We explored factors of creating amenities and comfort in residential construction areas, developed an algorithm to calculate the volume of new living space commissioning on the basis of evaluating demands in the Smart City paradigm. Conclusions. The study shows the cost increase depending on the built-up area, number of floors, and the balance between the type of capacity and the number of residents in the quarter (linear relationship).

ANALISIS PERHITUNGAN HARGA POKOK PRODUKSI DAN PENENTUAN HARGA JUAL ATAS PRODUK (Studi Kasus Pada PT Dasa Windu Agung)

2016 ◽  
Vol 1 (2) ◽  
pp. 183-190
Author(s):  
Dwi Urip Wardoyo
Keyword(s):  
Manufacturing Industry ◽  
Sampling Method ◽  
Manufacturing Companies ◽  
Test Analysis ◽  
Automotive Components ◽  
Convenience Sampling ◽  
Cost Of Production ◽  
The Cost ◽  
Keywords Cost

This study aims to determine the determination of the cost of production for products produced by PT. DWA. The Company is engaged in the manufacturing industry specialized in automotive components. Its activity is carried out through a series of production processes, so that expenses spent in the production will be calculated into the cost of the production sold. The population in this study were all manufacturing companies in Jakarta. Convenience sampling method selected one of the companies that get the confidence to assemble three national car project in Indonesia, namely Timor, Bakrie and Maleo. Test analysis used in this study is to test the calculation of full costing with job order costing. This study shows that (a) determination of the cost elements associated with the cost of production and (b) determining the cost of production on a product-based job costing with full costing approach. Keywords: cost of production, full costing

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