Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production
© 2018 Inderscience Enterprises Ltd. The objective of this research was to study the effect of applying direct or indirect cost allocation methods in Material Flow Cost Accounting (MFCA) analysis. Meatball production was selected as the case study. The direct method focused on the processes with lar...
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th-cmuir.6653943832-549172018-09-04T10:28:08Z Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production Chompoonoot Kasemset Chawis Boonmee Multidisciplinary © 2018 Inderscience Enterprises Ltd. The objective of this research was to study the effect of applying direct or indirect cost allocation methods in Material Flow Cost Accounting (MFCA) analysis. Meatball production was selected as the case study. The direct method focused on the processes with large quantities of waste for improvement, without regard to the cost of the material wasted. On the other hand, the indirect method, which allocates cost based on the cost of materials, focused on the processes with the most costly waste in its improvement solutions. Thus, the different methods of cost allocation could target different process(es) for improvement. When materials used in a target product had the same cost and the quantity of waste was easily measured in the same unit, the direct and indirect cost allocation methods provided similar results. But when input materials differed in their costs and measurement units, the indirect cost allocation method was recommended. 2018-09-04T10:28:08Z 2018-09-04T10:28:08Z 2015-01-01 Journal 16851994 2-s2.0-85045253927 10.12982/cmujns.2015.0094 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85045253927&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/54917 |
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Multidisciplinary Chompoonoot Kasemset Chawis Boonmee Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production |
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© 2018 Inderscience Enterprises Ltd. The objective of this research was to study the effect of applying direct or indirect cost allocation methods in Material Flow Cost Accounting (MFCA) analysis. Meatball production was selected as the case study. The direct method focused on the processes with large quantities of waste for improvement, without regard to the cost of the material wasted. On the other hand, the indirect method, which allocates cost based on the cost of materials, focused on the processes with the most costly waste in its improvement solutions. Thus, the different methods of cost allocation could target different process(es) for improvement. When materials used in a target product had the same cost and the quantity of waste was easily measured in the same unit, the direct and indirect cost allocation methods provided similar results. But when input materials differed in their costs and measurement units, the indirect cost allocation method was recommended. |
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Chompoonoot Kasemset Chawis Boonmee |
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Chompoonoot Kasemset Chawis Boonmee |
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Chompoonoot Kasemset |
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Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production |
title_short |
Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production |
title_full |
Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production |
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Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production |
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Different cost allocation methods in Material Flow Cost Accounting: A case study of waste reduction in Thai meatball production |
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different cost allocation methods in material flow cost accounting: a case study of waste reduction in thai meatball production |
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2018 |
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https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85045253927&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/54917 |
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