Functional-Based and Activity-Based Cost Management Systems in Woodworking Enterprises-Specifics and Perspectives for Implementation

Innovation in Woodworking and Engineering Design, 1/2014 (5): 161-165

7 Pages Posted: 28 Jan 2016

See all articles by Nikolay Neykov

Nikolay Neykov

University of Forestry, Bulgaria

Neno Trichkov

University of Forestry

Angel Petkov

University of Forestry

Daniel Koynov

University of Forestry

Date Written: November 13, 2014

Abstract

The role of driver tracing is significantly expanded by identifying drivers unrelated to the volume of product produced. The use of both unit- and non-unit-based activity drivers increases the accuracy of cost assignments and the overall quality and relevance of cost information. Such cost accounting systems are called an activity based cost (ABC) systems. In woodworking exist a great deal of auxiliary processes which require specific costs drivers due to precise the cost allocation. In this paper is made an attempt of modeling and testing of such a methodic for costs tracing and allocation in lumber production.

Keywords: activity based costing, cost management systems, woodworking

JEL Classification: M21,M41,L73

Suggested Citation

Neykov, Nikolay and Trichkov, Neno and Petkov, Angel and Koynov, Daniel, Functional-Based and Activity-Based Cost Management Systems in Woodworking Enterprises-Specifics and Perspectives for Implementation (November 13, 2014). Innovation in Woodworking and Engineering Design, 1/2014 (5): 161-165, Available at SSRN: https://ssrn.com/abstract=2723044

Nikolay Neykov (Contact Author)

University of Forestry, Bulgaria ( email )

Sofia
Bulgaria

Neno Trichkov

University of Forestry

Sofia
Bulgaria

Angel Petkov

University of Forestry

Sofia
Bulgaria

Daniel Koynov

University of Forestry

Sofia
Bulgaria

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