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Conventional Costing System: A Case Study

871 Words4 Pages

Robert Kee and Charles Schimidt (1997) told that there are two alternatives regarding conventional costing system .John C Ler (2000) in his journal told that ABC is a great device for pricing than other costing system. Because under the ABC, for every unit, group or product activity, a cost is recognized which determines cost each unit. According to him, when the resource utilization for an order is representative of entirely estimated company resource, both conventional cost system and ABC system estimates will be same. If orders are not usual of total estimated company resource usage then there will be difference.
Cox, Downey and Smith, (1999, June) research showed how ABC can be functional in the educational institution, i.e. Colleges and universities. According to ABC universities’ s …show more content…

The facts behind this were the opportunities and threats upcoming from the new advanced manufacturing technology (AMT) and the rising persuade from Japanese manufacturers on U.S. markets, with their just-in-time (JIT) and system of total quality management.

Kuchta and Troska (2007) explained that ABC is a accurate system for determining of customers Profitability. ABC also identifies activities that bring into being the significance and which do not. Although, information from ABC could increase tactical and operational decisions. Bogdanoiu (2009) argued ABC models the causal relationships in the production between products and the resources used and find out the cost of products with respect to the activities in the course of the use of suitable cost drivers. ABC is taking place in the two phases. The costs of sources are allocated to activities by means of using factors of cost firstly. Then the activities cost are split to cost objects by means of measuring quantity and associated cost drivers, which means that activities costs are to be paid to costs objects, which are relevant cost

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