Implications of Standard Costing System in Manufacturing: A Case Study

Journal of Applied Management and Investments, 5 (3), pp. 162-165

4 Pages Posted: 23 Aug 2016

See all articles by Paul Eisenberg

Paul Eisenberg

University of Derby; University of Portsmouth

Date Written: August 12, 2016

Abstract

The case study was carried out in the field of Management Accounting and Performance Evaluation at the University of Derby, United Kingdom. The purpose of the case study is to critically evaluate the implications of retaining the standard costing system at the female sportswear manufacturing company Active Sports Life (ASL) and to make relevant recommendations. The paper shows that management accounting processes have to follow company strategy in a given business environment. A combination of management accounting instruments can prove successful to save on costs, to retain valuable goods and services and to remain competitive through appropriate pricing.

Keywords: cost leadership strategy, differentiation strategy, standard costing, value chain, activity based costing

JEL Classification: L11, L67, M10, M40, M41

Suggested Citation

Eisenberg, Paul, Implications of Standard Costing System in Manufacturing: A Case Study (August 12, 2016). Journal of Applied Management and Investments, 5 (3), pp. 162-165, Available at SSRN: https://ssrn.com/abstract=2827581

Paul Eisenberg (Contact Author)

University of Derby ( email )

Kedleston Road
Derby, Derbyshire DE22 1GB
United Kingdom

University of Portsmouth ( email )

University House
Winston Churchhill Avenue
Portsmouth, Hampshire PO1 2UP
United Kingdom

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