Study on Cost Accounting of Special Steel Enterprises Based on Multi-Factor Resource Allocation Model

Ya Jun Wang; De Quan Wang; Jia Liang Li

doi:10.4028/www.scientific.net/AMM.437.932

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vol. 437Study on Cost Accounting of Special Steel...

Study on Cost Accounting of Special Steel Enterprises Based on Multi-Factor Resource Allocation Model

Abstract:

To deal with the problems of data inaccuracy and incorrect fee allocation, an activity based costing model for the special steel enterprises based upon multi-factor resource model was proposed. The model was built to combine the cost factors of consumption, operation, and cost drivers with resource, process and machining parameters and to realize the information integration of finance, production and inventory, which improve the accuracy, consistency and integrality of the product effective cost. Finally, the cost management system framework based on the model was realized and the application is illustrated by an example.

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Periodical:

Applied Mechanics and Materials (Volume 437)

Pages:

932-935

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.437.932

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Online since:

October 2013

Authors:

Ya Jun Wang*, De Quan Wang, Jia Liang Li

Keywords:

Costing, Multi-Factor Resource Allocation, Special Steel Enterprises

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* - Corresponding Author

References

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