Theory Of Cost Accounting Research Articles

Analisis Biaya Produksi Dan Harga Jual Dalam Menentukan Laba Bersih

Fashion is currently growing rapidly from year to year. Fashion in this world is very influential in its development of war, culture, politics, economic, social movements and many other supporters who take part in changing the existing fashion. Indi's Collection is a convection company which is the case study in this research. In determining the calculation of the cost of production, the Indi's Collection Convection still uses a very simple method and has not yet detailed all costs incurred in the production process. This study aims to find out the production cost calculations that have been carried out by the company in determining net profit on the Indi's Collection convection. selling price calculations that have been carried out by the company in determining Net Profit at Indi's Collection convection, calculating Production Costs using the Full Costing method, calculating Selling Prices using the Cost Pricing method – Plus, equal to find out whether there are differences in the calculation of Production Costs and Selling Prices based on company calculations using the full costing method and the cost-plus method in determining net profit on the Indi's Collection convection. The results of this study explain that the calculation of production costs carried out by Indi's Collection is still relatively simple without theoretical methods such as the cost accounting theory used in companies that produce a product. The selling price used is the market price of products of the same quality or can be calculated using the mark up method. The full costing method affects the cost of production produced in much more detail and is cheaper than the calculation obtained from the results of interviews with business owners. The use of Cost plus pricing in Indi's Collection can increase turnover and competitive prices by producing a much larger turnover at the previous selling price. At the selling price used, Indi's Collection is more relevant because the price used is the market price of similar products used in other convections. In the comparison of net income, Indi's Collection is considered to be inadequate in describing the cost of production and expenses contained in the income statement, so that the allocation of the translation in the financial statements is considered inappropriate. Keywords: Production Cost Analysis, Selling Price, Net Income

The usefulness of accounting information for decision-making purposes in an Italian company from the late nineteenth to the early twentieth century

Introduction: Accounting history research on cost accounting theory and practice is still at an early stage in Italy for two main reasons. The first relates to the im-portance that the double-entry bookkeeping technique assumes in Italy, charac-terised by a typical financial focus, and the second to the delay with which Italy en-tered the industrialisation process. Aim: The main aim of this study is to investigate the bookkeeping accounting sys-tems of an established, southern Italian family and long-lived firm, namely Amarelli, still operating in the liquorice industry, from the late nineteenth to the early twen-tieth century to unveil whether accounting information was used by Amarelli man-agers for control and decision-making purposes. Methodological approach: We used document analysis of the reports related to the Amarelli bookkeeping system and semi-structured interviews with one of the present-day owners. Main findings: The findings highlight that the different reports in which Amarelli's bookkeeping system was articulated, and specifically the reports related to Ama-relli's industrial activity, can be regarded as a response to the necessity to calcu-late and control the ‘cost' of the different ‘processes' as well as the specific ‘per-formance' of any single activity of Amarelli, together with the overall ‘perfor-mance' of the Amarelli factory. Originality: To the best of our knowledge, this is the first study that investigates the accounting systems used by a food industry firm in southern Italy, an under-developed territorial area, from an industrialised point of view during 1875-1925.

The Development of the Cost Accounting Theory in the Russian Accounting System

The Development of the Cost Accounting Theory in the Russian Accounting System

An Analysis of Production Cost Effect With Order Price Method on Sales Pricing of Products at PT. Aneka Printing Indonesia in Sukoharjo

This study aims to determine and analyze the calculation of the cost of production of screen printing based on the cost of order method whether it has been in accordance with the theory of cost accounting by comparing the calculation of cost of goods manufactured by the company with the calculation of cost of production based on the cost accounting theory that is using full costing method, As well as to know how much influence the cost of production to the determination of product selling price. This study uses primary data in the form of information obtained from the owner of the company or parties concerned and secondary data with population and sample data of cost of production and selling price of screen printing orders during January 2017. Data collection methods used are literature research methods, interviews and Method of documentation. While the method of data analysis used is by using simple regression analysis, coefficient of determination and hypothesis test using t test by using the tool program SPSS 16.0 for windows. From the results of research indicate that the calculation of cost of production based on the results of analysis using full costing method is greater than the calculation of cost of production method company. This difference occurs because the loading of factory overhead cost calculated using full costing method more thorough and detailed. Based on the tests conducted known that the cost of production has a very strong influence on the sale price. The influence of the cost of production to the selling price in this study is 91%, and the remaining 9% is influenced by other factors (variables) such as demand, supply, and other unreported variables.Keywords: Cost of Production, Selling Price

PERHITUNGAN HARGA POKOK PRODUKSI DENGAN METODE JOB ORDER COSTING PADA PT. ABC

There searchaimsto (1) identify the costs to produce the product by PT ABC (2) How is cost accounting applied to PT ABC in producing products (3) Is the read ifference in the accounting treatment of the cost of PT ABC with existing theories. Results from the study showed that the Activities of PT ABC for generating product on sists of the purchase of raw materials, production and sales. Costs incurred in the activities of the company include the cost of raw materials, labor costs and factory overhead costs. Measurements made on purchase of raw materials at first, when the transactions. Recognition ofraw material purchases are recognized when the transaction is recorded in the consolidated purchases of raw materials. Determining the cost of production is based on the amount of use of raw materials in the manufacture of products.The calculation of the cost of production is done manually by adding all the costs in volved to produce the product. Selling on product pricing based on supply and demand of consumer and cost considerations. The calculation in determining the selling price based on estimates done in as impleowner, does not clearly done as acoherent theory of cost accounting.

Investment-Based Cost Accounting as a Fundamental Basis of Decision-Oriented Management Accounting

Decision making concerns over cost allocations, especially common cost allocations, have a long history. They are well canvassed in Thomas (1969) and Wells (1978). This article revisits the cost allocation debate, albeit in a new setting, and rehearses arguments relevant to long- and short-term decision contexts. Here a means is proposed to address those problems, namely to adopt the investment-based approach to cost accounting. This approach draws on ideas of Hotelling (1925), Preinreich (1938) and Schneider (1961), and applies the notion of net present value in another setting, namely to cost accounting theory. Research has revealed no discussion of this in the Anglo-American literature. This article shows analytically that the investment-based approach offers a general basis for decision-oriented cost accounting, as it combines investment theory with cost accounting and thereby connects long-term with short-term decisions. While reviewing primarily European literature, it also examines several Anglo-American works. The analysis reveals how for three classical decision problems—production program planning, purchase order lot sizes, and break-even price limits—two different types of costs, namely depreciation and material costs, have to be based on cash flows and net present value. The proposed investment-based approach permits an examination of the extent to which cost accounting concepts and cost information are relevant to those decisions. This theoretical concept is used to derive pertinent cost dimensions and to solve traditional problems of cost allocation. A caution is that the investment approach is limited to decision facilitating cost accounting. Whether it may be possible to couple it with agency theory and its focus on decision influencing has not been explored and is an issue for further research.

Equivalent units of production: a new look at an old issue

PurposeThis paper focuses on the determination of the cost completion rate used to calculate the equivalent units of production in a continuous process costing system. The paper aims at two research questions. What procedures do companies utilize in practical terms? How should the completion level percentage be calculated conceptually?Design/methodology/approachThe study is a qualitative exploratory survey. The companies targeted were those noted in “Melhores e Maiores,” a ranking of the best and biggest Brazilian companies. A total of 175 questionnaires were sent to pre‐selected enterprises, each with revenues of more than US$100 million per year, and 50 usable responses were returned.FindingsA literature review of the theoretical procedures used for continuous process costing revealed no indication of an objective method for determining the completion level. The empirical research in the present study confirmed that, in practice, companies do not adopt the general procedures proposed by the theory. The best practices applied by the companies have been shown to be an adequate alternative, because the results are identical to those obtained with the proposed method.Research limitations/implicationsThe study bears the usual limitations of a qualitative exploratory survey regarding its generalization to other companies.Originality/valueThe originality of the study is based on the assumption that cost accounting theory does not offer an objective solution for the computation of the completion level percentage and, consequently, that companies in continuous process production system do not adopt the theoretical concepts with respect to inventory evaluation of goods‐in‐process and finished goods.

Handbook of cost accounting theory and techniques

Preface The Conceptual Foundations of Cost Accounting Cost Theory, Classification, and Accounting Cost Estimation Techniques: Fundamentals Cost-Volume-Profit Analysis Divisionalization and Performance Measurement Transfer Pricing Planning Principles Control Principles, Part 1 Control Principles, Part 2 Control Principles: Mix, Yield, and Investigation Cost Estimation and Regression Analysis Cost Accumulation for Product Costing: Job-Order Costing Process Costing Accounting for Quality Costs Direct versus Absorption Costing: Inventory and Decision Making Relevant Costing and Pricing Decisions Cost Allocation, Part 1 Cost Allocation, Part 2 Index

Book Review:Cost Accounting Theory and Practice. James L. Dohr

Book Review:Cost Accounting Theory and Practice. James L. Dohr