Download or read book The Economics of Overhead Costs and the Allocation Methods written by Pheng Kol and published by . This book was released on 19?? with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Overhead Costs and the Allocation written by Pheng Kol and published by . This book was released on 1987 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to investigate the corporate organizational structure of a typical electric utility firm, its interdepartmental functional relationships, and, specifically, the functional areas. The study focuses on how the corporate structure of an investor-owned utility is incorporated into the supply function for electricity within the context of its regulatory constraint. The study is based on the analysis of organizational structure and empirical studies of some selected generating electric utility companies. Growing interest by the public and regulatory bodies in the areas of utility management efficiency, and in the correctness of an allocation methodology of fixed overhead cost components is the main reason for such a study. The scope of the study is limited exclusively to the allocation of the components of fixed overhead cost. Case studies of several electric utilities are included, utilizing time series data (1961-1984) compiled from the Federal Energy Regulatory Commission-Form 1, and the U.S. Department of Energy, Statistical Reports for class A & B. Chapter I provides a general introduction and the scope of the study. Chapter II comprises three sections. Section 1 presents a conceptual model of a corporate organizational structure. Section 2 describes a theoretical cost model of an electric utility supply system. Section 3 reviews the corporate organizational structure of modern electric utility firms as reported by various management audit surveys. Chapter III presents a critical review of the economic overhead cost concepts for electric firms and alternative models used to allocate overhead fixed costs to customer classes or jurisdictions. Chapter VI proposes a cost refunctionalization models for economic overhead costs. Chapter V reports the results and conclusion of an empirical analysis applied to the various functional cost allocation models. The study reveals that there is no single dominant exogenous variable that can be selected as the "best" solid allocation basis for any of the various components of fixed overhead costs. The disaggregation of cost to the lowest accounting level is found to be more desirable in refunctionalizing and/or allocating fixed overhead costs.
Download or read book Burden allocation methods written by Andrew Brabner and published by GRIN Verlag. This book was released on 2002-10-18 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Business Management, Corporate Governance, grade: 1 (A), Manchester Metropolitan University Business School (Management Accounting), language: English, abstract: The company and industry are currently both experiencing a process of change. This has lead to the need to evaluate alternatives to the current cost accounting system. This requires the evaluation of whether burden should be traced to either one, two or three cost pools. Currently burden is only being traced to one. Furthermore the company is certain that it will soon have to purchase expensive machinery, thus changing it operational asset base and cost structure, in order to remain competitive. Therefore I will also examine the effect that this acquisition would have upon the current and alternative systems so as to see which system would be the most appropriate and effective method to supply management with the necessary information need to be able to outperform both market and competition. If any of these methods comes in question at all.
Download or read book Overhead Costs written by W. Arthur Lewis and published by Routledge. This book was released on 2013-04-15 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Lewis is to be congratulated upon being among the first economists to tackle the tricky subject of controlling the nationalised industries."Financial Times This book analyses some of the difficulties of costing and price formation that arise out of the existence of overhead costs in nationalised industry. Issues such as the law relating to monopoly and the accountability of public enterprise are considered, along with complex questions such as price formation and the problem of policy in public corporations.
Download or read book Studies in the Economics of Overhead Costs written by John Maurice Clark and published by . This book was released on 1971 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The separable Cost Remaining Benefit Overhead Cost Allocation Method written by Michael A. Williams and published by . This book was released on 1983 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production Economics written by Anoop Desai and published by CRC Press. This book was released on 2018-08-06 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves a unique purpose within the world of engineering. It covers the economics of modern manufacturing and focuses on examining the techniques and methods from a cost perspective. It can be used by both students and professionals alike. The book is useful to students in industrial engineering and mechanical engineering programs as a primary textbook for engineering economy, production costing, and related courses. It can also be used by MBA students specializing in production management and finance. Specific topics of coverage include the computation of direct and indirect cost for manufacturing operations, including a variety of overhead operations in such an environment. Costing of manufacturing methods such as casting, forging, turning, milling, and welding is addressed along with inventory analysis. The book also includes fundamental concepts such as cash flow analysis, present and future worth analysis, and rate of return analysis. Related topics such as equipment replacement, comparison of alternatives, depreciation, buy versus make decisions, interest factors, and equivalence are covered in detail as well. Key Features: Addresses the costing of manufacturing operations through a step-by-step problem solving approach. Includes traditional engineering topics such as cash flow analysis, present worth, future worth analysis, replacement analysis, equivalence, and depreciation are addressed in depth as well. Offers a variety of solved examples that can be used to develop a thorough understanding of the underlying concept. Provides a number of practice problems at the end of each chapter. Presents a large number of figures and tables in almost every chapter, to assist in visualizing the concept and apply it successfully. Production Economics: Evaluating Costs of Operations in Manufacturing and Service Industries focuses on rigorous problem solving. Each topic is presented succinctly along with numerous solved examples, along with a large number of end-of-chapter practice problems where applicable.
Download or read book Studies in the Economics of Overhead Costs written by Clark, John Maurice Clark and published by . This book was released on 1926 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Introduction to Allocation Rules written by Jens Leth Hougaard and published by Springer. This book was released on 2009-08-07 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of existing methods for allocating costs and benefits. It will help readers evaluate the pros and cons of various methods involved in terms of factors such as fairness, consistency, stability, monotonicity and manipulability.
Download or read book Cost Allocation written by H. Peyton Young and published by . This book was released on 1985 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 1987 with total page 970 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Experiences with the Teaching of Cost Allocation Methods written by Anton J. Reeken and published by . This book was released on 1993 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Studies in the economics of overhead costs written by J. Maurice Clark and published by . This book was released on 1968 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Experiences with the Teaching of Cost Allocation Methods written by A. J. van Reeken and published by . This book was released on 1993 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Game Theory with Economic Applications written by R.J. Aumann and published by Elsevier. This book was released on 1992 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes
Download or read book Activity Based Costing written by Patrick Zeuner and published by GRIN Verlag. This book was released on 2012-06 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Business economics - Controlling, grade: 1,3, University of Applied Sciences Wildau (WIT Wildau), course: Managerial Accounting, 18 entries in the bibliography, language: English, abstract: Activity-based costing first gained publicity in the early 1980s. It was developed as a logical alternative to traditional cost management systems that tended to produce insufficient results when it came to allocating costs. Harvard Business School Professor Robert S. Kaplan was an early advocate of the ABC system. Due to a changing business world and strong competition, the cost structure in many companies changed, while facing an increased price pressure. When profit margins are decreasing, companies are focusing not only on external but also internal opportunities to improve their cost structures and to make hidden costs transparent. This lead to the introduction of Activity-based costing (ABC) as a new approach of process thinking to make the internal organization more flexible to react to changes in the production process and allocation of costs as well as to deal with overcapacities. This paper will focus on the ABC tool, which is aiming at transparency, efficiency increase and improvement of the given cost calculation systems. The ABC method enables management to optimize the enterprise with detailed information for a thorough decision making process. ABC is a method for developing cost estimates, based on the activities used within the production process per cost object. To develop a cost estimate the most important activities within the production cycle - the cost drivers - need to be identified. The activity must be definable and measured in units, e.g. number of man hours. After all activities for producing the product are known, a cost estimate is prepared for each activity. These individual cost estimates contain all labour, materials and equipment costs, including overhead, for each activity. Each complete individual e
Download or read book Studies in the Economics of Overhead Costs written by and published by . This book was released on 1950 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
