Designing a product costing system for a medium size manufacturing company
This is an applied resea1'Ch project involving a real life manufacturing company which produces metal parts according to customer specifications. The primary focus of this study is to design an appropriate product costing system for the company. At present, the company does not have a...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/55692 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This is an applied resea1'Ch project involving a real life manufacturing company
which produces metal parts according to customer specifications. The primary focus
of this study is to design an appropriate product costing system for the company.
At present, the company does not have a system whereby the cost of manufacturing
a product is systematically documented and recorded. Hence, it requires a 2uitable
product costing system to track its product costs to help it quote competitiYe prices
for its products. During the course of this study, a detailed study of the company's
present recording system as well as its production system was made. Also , a review
of the costing systems outlined in the various cost accounting texts were done to
design a system which would best serve the company's needs.
Emphasis has been placed on the feasibility of the proposed system for the
company. Careful evaluation of the company's present system had been C.1ade in
order to better understand the needs of the company. It is hoped therefore tbat the
propo::;ed system designed. when implemented, will prove useful to the comp 3.lly. |
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