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Essay / Research Paper Abstract
This 3 page paper looks at the potential implementation of activity based costing in a university. The first part of the paper assesses the potential benefits and problems. The second part of the paper considers the potential issues with implementing the system, the stages that will need to be undertaken and some potential cost drivers. The bibliography cites 5 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEuniabc.RTF
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Unformatted sample text from the term paper:
The activity based systems looks at the activities in an ABC manner and then forms a useable and adaptable model from which the company can work (Pickar, 2000). The activities
that the company undertakes are deconstructed in this model, in many ways we can argue that this is a tool utilized by scientific management techniques when it comes to human
labor and the system can be seen to have its roots in the ideas of Fredrick Taylor (Anderson and Young, 1999, Lee, 2000). The individual tasks are then analyzed
with each component of that task broken down and costed by way of the different resources that it consumes or requires (Nyamekye, 2000). With this information the production of each
item can be tracked right the way through the production process (Nyamekye, 2000). Each cost will include all aspects of that task, including overheads as well as labor and parts.
These can all be added together to form the final cost. The advantage of this is that of all the traditional based costing
systems, until the new information systems became available, it was not possible to use the system in this amount of depth and also make it possible to simulate changes
in the environment and the machinery used so that the alternatives can be measured for effectiveness and efficient use of resource as long as the information regarding their use is
available and reliable (Nyamekye, 2000). Therefore there is the ability for a company to simulate a change, such as adding or reducing production and seeing the cost results without
having to actually do it in reality. This costing systems can be seen as giving a much greater level of transparency to
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