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Production Cost within the Traditional Process - PDF

   

Added on  2021-05-31

13 Pages1480 Words18 Views
Running head: ACCOUNTINGAccountingName of the Student: Name of the University: Author’s Note:
Production Cost within the Traditional Process - PDF_1
1ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................2Requirement 1:.................................................................................................................................3Department Wise Allocation of Overhead..................................................................................3Overhead Allocation of the Service Department.........................................................................3Production Cost within the Traditional Process..........................................................................4Requirement 2..................................................................................................................................5Overhead cost as per the Activity Driver....................................................................................5Production Cost under ABC process...........................................................................................6Requirement 3:.................................................................................................................................7Requirement 4..............................................................................................................................9Requirement 5................................................................................................................................10Conclusion.....................................................................................................................................11Reference List................................................................................................................................12
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2ACCOUNTINGIntroduction This research is done on the case study of Happy Traveller Limited. This company isbasically a luggage manufacturing company that make different kinds of luggage, such as simpleluggage, complex luggage and other luggage. In this research the researcher has used both thetypes of costing system, which are traditional costing system and activity-based costing systemto find the company’s product cost. The first part of this research uses traditional costing methodto find out of overhead analysis in a systematically process. While the second part uses activity-based costing technique to find the overhead analysis. In the activity-based costing the costs aredivided based on activity centre’s cost. Then the third part of the research deals with theexplanation of the difference between the traditional costing system and activity-based costingsystem to find out the product cost of the company items. As ABC system is used for theanalysis, so the company’s cost-benefit considerations are also discussed by the researcher.Finally, the end this research will show the best ways for the application of the above statedsystems in the company apart from the allocation of cost to its products.
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3ACCOUNTINGRequirement 1: Department Wise Allocation of OverheadOverhead Allocation of the Service Department
Production Cost within the Traditional Process - PDF_4

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