Book Title: Management Accounting
Authors: Hansen & Mowen
Publisher: Four Salemba
Matter: edition 7, 2004
Thickness: xx + 572 pages
Authors: Hansen & Mowen
Publisher: Four Salemba
Matter: edition 7, 2004
Thickness: xx + 572 pages
Books are important things that need our attention from various
types of books. Proverb
said "Books are
the windows to the world". This
means that the book has a lot of information that we can get. By reading, we can see what is
happening in the outside world. Such as, when we
read a book on economics written by Don R.
Hansen, Maryanne M.
Mowen has many benefits
in the business world. Many works of
they produced such
a book titled Managerial
Accounting, Cost Management,
Management Accounting, and many others.
on the occasion,
I will discuss one of the books produced
by Don R. Hansen, Maryanne M.
Mowen is book
7th edition of Management Accounting,
which can give
us the knowledge needed to succeed in the business world!
The
book of Management accounting 7th edition provides
in-depth discussion on traditional topics such
as job order costing and process costing.
Other than, it presents a description of
the topics that are important and innovative
as activity based
costing (ABC), quality cost management, strategic
cost analysis, inventory management,
but it also discusses
about the setting: The Role, History, and Objectives
of Management Accounting as discussed
in Chapter 1, accounting
and Activity Based
Strategy, and many more discussions about the calculations
that are needed in
the field of management accounting.
In the matter found by the
author on ABC (activity based costing), is an accounting system
that focuses on activities undertaken to produce
products and services.
Its mean that, How
to allocate the
BOP as a component of cost of production to the product with a fair
and appropriate based on its activity. Activity (activity) - any event or transaction
which is the cost driver. Triggers costs (cost
drivers) - factor
the cause (causal factor) of the costs incurred.
In ABC, the research must
be conducted any activity undertaken to produce the
product. Accuracy of activity
will lead to the
discovery of the calculation accuracy
of the cost of the product.
Viable companies can use the
ABC if it meets the following conditions:
1. Capital-intensive companies (many use the machine)
2. the company can diversifying the product
3. Diversifying the products and use the same facilities
4. Each product has a different production process.
Activity that often arise:
• Setting a production machine - the activity of the preparation of plant machinery to make new products (each new customer order requires the setting)
• Inspection of quality control - controlling the activity of the product to conform to established specifications.
• Changes in engineering - the activity of processing changes the design or specification of a product
Stages of the ABC system
1. Tracing or allocating costs to activities à collection activity fee.
2. Collection of fees above activities, are charged to products, using the cost driver.
In addition, this book also includes questions, exercises, cases, and writing tasks that will broaden the knowledge and analytical skills of students.
1. Capital-intensive companies (many use the machine)
2. the company can diversifying the product
3. Diversifying the products and use the same facilities
4. Each product has a different production process.
Activity that often arise:
• Setting a production machine - the activity of the preparation of plant machinery to make new products (each new customer order requires the setting)
• Inspection of quality control - controlling the activity of the product to conform to established specifications.
• Changes in engineering - the activity of processing changes the design or specification of a product
Stages of the ABC system
1. Tracing or allocating costs to activities à collection activity fee.
2. Collection of fees above activities, are charged to products, using the cost driver.
In addition, this book also includes questions, exercises, cases, and writing tasks that will broaden the knowledge and analytical skills of students.
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