Activity-based costing emerged as an important accounting concept in the mid-1980s in response to global competition. There is an urgent need to place it in perspective, so that both production and marketing managers know its advantages and its limitations. This book describes and explains where activity-based concepts fit in the cost and management accounting body of knowledge. It first shows the traditional framework of cost concepts, terminology, and techniques in order to demonstrate how the activity-based methods can bring about constructive changes in financial control systems. The major feature of the book is the three ABC models for manufacturing processes, marketing functions, and service industries. These models are based on the Institute of Management Accounting (IMA)-sponsored case studies of corporate divisions or branches that have already implemented ABC systems. The study was directed by Harvard professors, Cooper and Kaplan, and KPMG Peat Marwick. The book also includes illustrations of the most important cost analysis and control techniques that every successful operating manager must know.
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Editorial Reviews
Review
“In this excellent volume Lewis provides an extermely practical introduction to and explanation of traditional cost concepts (5 chapters); the traditional tools of management accounting analysis and control (5 chapters); and the development of activity-based costing systems (ABCs) (6 chapters). This hands-on primer is very well written and contains numerous exhibits that clearly and concisely demonstrate every step in the process of using the tolls of management accounting. Highly recommended for all business collections.”–Choice
About the Author
RONALD J. LEWIS, Professor Emeritus of Accounting at Central Michigan University, has extensive experience in industry and academia and as an international lecturer.
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Inside This Book
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First Sentence:
This chapter introduces and explains the traditional cost concepts and defines the terms used in American industry by workers and managers in production, engineering, marketing, and accounting activities. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
resource cost drivers, transfer price range, departmental rates, production cost centers, contribution margin approach, target net income, factory overhead costs, activity cost drivers, service department costs, profitability statement, other service departments, stocking site, selling division, total cost management, fixed production costs, mixed costs, total cost approach, net present value method, new wind tunnel, material price variance, cost objects, buying division, reciprocal method, direct labor dollars, variable production costs Key Phrases - Capitalized Phrases (CAPs): (learn more)
Item Amount, Auburn Company, Estee Company, Controller's Group, Hair Care Division, Carburetor Division, Fleming Company, Sausage Division, United States, Washmont Company, Present Value Investment, Restaurant Division, Huron Manufacturing Company, Krone Company, World War, Allocated Production, Biology Department, Hilev Company Lolev Company Sales, Peat Marwick, Total Traceable New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
This chapter introduces and explains the traditional cost concepts and defines the terms used in American industry by workers and managers in production, engineering, marketing, and accounting activities. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
resource cost drivers, transfer price range, departmental rates, production cost centers, contribution margin approach, target net income, factory overhead costs, activity cost drivers, service department costs, profitability statement, other service departments, stocking site, selling division, total cost management, fixed production costs, mixed costs, total cost approach, net present value method, new wind tunnel, material price variance, cost objects, buying division, reciprocal method, direct labor dollars, variable production costs Key Phrases - Capitalized Phrases (CAPs): (learn more)
Item Amount, Auburn Company, Estee Company, Controller's Group, Hair Care Division, Carburetor Division, Fleming Company, Sausage Division, United States, Washmont Company, Present Value Investment, Restaurant Division, Huron Manufacturing Company, Krone Company, World War, Allocated Production, Biology Department, Hilev Company Lolev Company Sales, Peat Marwick, Total Traceable New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 10
books:
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1
book
cites this book:
- Activity-Based Costing for Marketing and Manufacturing by Ronald J. Lewis in Back Matter (1), and Back Matter (2)
- on page 120, and Back Matter
- Management Accounting, Fourth Edition by Anthony A. Atkinson on page 120, and Back Matter
- Cost Accounting (Professional Revision Guides) by Colin Drury in Back Matter
- Management Accounting (No. 2) by J. Innes in Back Matter
See all 10 books this book cites
- Handbook of Budgeting (4th Edition) by Robert Rachlin on page 150
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