Activity-based Cost Management: An Executive's Guide by Gary Cokins

By Gary Cokins

Proven approach for decreasing construction and working expenses whereas expanding gains

As the expansion of the web shifts energy to shoppers, the strain on businesses to maintain costs low will proceed to mount. more and more companies are counting on ''margin management'' and provide chain administration as a method of maintaining costs low whereas elevating earnings. Activity-based costing and administration (ABC/M) info is essential to succeeding in either those serious administration options. This e-book explains how executives can successfully use the knowledge provided through state of the art ABC/M structures. the writer, an stated specialist within the box, basically defines the ABC/M approach and explains tips on how to use the data it offers for most sensible effects. He offers a rational framework for realizing the fifteen key defining features of ABC/M and fingers readers with an ABC/M Readiness evaluation try out besides super easy exhibits.

Gary Cokins (Far Bingham Farms, MI) is Director of relatives at ABC applied sciences, the world's major provider of activity-based info software program. he's an across the world well-known specialist, speaker, and writer.

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Explain how the allocated costs were calculated. Dept. ) Human Resources Department $100,000 Primary Activity: To recruit employees Dept. 5 $ 50,000 Current Allocation $ 50,000 Departments A and B Cost Allocations resources (HR) department. The other two departments are Department A and Department B—and pretend that YOU are the manager of Department B. I am interested in what the charge-back costs of the HR department should be to your Department B. That is, what would your cost allocation from HR be given the following facts?

5 $ 50,000 Current Allocation $ 50,000 Departments A and B Cost Allocations resources (HR) department. The other two departments are Department A and Department B—and pretend that YOU are the manager of Department B. I am interested in what the charge-back costs of the HR department should be to your Department B. That is, what would your cost allocation from HR be given the following facts? Assume the HR activity for “recruiting new employees” is $100,000 (they do other work activities, but we are focusing ONLY on this activity cost).

Assume each recruiting event was equal in duration and effort. If you traced HR’s “recruiting activity” costs in relative proportion to each department, wouldn’t you charge different amounts than $50,000? Dept. ) 90 new hire candidates Dept. ) 10 new hire candidates Departments A and B Cost Tracing via ABC/M 44 A MANAGEMENT ACCOUNTING FRAMEWORK: A TAXONOMY Departments A and B. If during last year Department A’s average head count was 1,000 employees and Department B’s, your department, was also 1,000, then what would the HR chargeback be to you in dollars?

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