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Chapter 5 Activity-Based Systems

Chapter 5 Activity-Based Systems. Fall 2007 Crosson. Learning Objectives:. Comparing Cost-based and Activity-based Systems : Cost versus Value Backflushing: Activity-based Cost Flows and Inventory Accounts JIT: Just-in-Time Concepts Activity-based Management: Supply chain and Value chain

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Chapter 5 Activity-Based Systems

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  1. Chapter 5Activity-Based Systems Fall 2007 Crosson Use only with permission of Susan Crosson

  2. Learning Objectives: Comparing Cost-based and Activity-based Systems: Cost versus Value Backflushing: Activity-based Cost Flows and Inventory Accounts JIT: Just-in-Time Concepts Activity-based Management: Supply chain and Value chain ABC: Cost Hierarchy and Bill of Activities Use only with permission of Susan Crosson

  3. Comparing Cost-based and Activity-based Systems Cost World How much does it cost? ValueWorld How much value does it add? Use only with permission of Susan Crosson

  4. Material Inventory Job Costing Cost World RECAP: Work in Process Inventory A Recap of Job Cost Cards Info. for the I/S’s COGM comes from this account! Finished Goods Inventory Use only with permission of Susan Crosson

  5. Material Inventory Process Costing Cost World RECAP: Work in Process-Mixing Info. for the I/S’s COGM comes from this account! Work in Process-Baking & Packaging Finished Goods Inventory Use only with permission of Susan Crosson

  6. Inventory Accounts in the Value World Cost of Goods Sold Use only with permission of Susan Crosson

  7. What Do You Know? SE9 E12 E13 P8 Use only with permission of Susan Crosson

  8. JIT: Just-in-Time Concepts • Simple is better • Quality in everything we do • Products and services • Preventive maintenance • Continuous improvement • Inventory wastes resources • Purchase only as needed and many deliveries • Eliminate non-value adding activities • Produce only as needed • Demand pull v. demand push • Quick setups • Multiskilled flexible workforce & workspace Use only with permission of Susan Crosson

  9. What Do You Know? E10 E15 Use only with permission of Susan Crosson

  10. Just-In-Time JIT Types of Time • Process • Inspect • Move • Queue • Store Use only with permission of Susan Crosson

  11. ABM: Activity-Based Management • Supply chain/network Look and listen to SE3. • Value chain Use only with permission of Susan Crosson

  12. Cost Hierarchy of Activities Unit Batch Product Facility Activity Cost Rates: SE5, SE6, E6, P6 ABC: Cost Hierarchy Use only with permission of Susan Crosson

  13. ABC: Bill of Activities Review Problem E7 C4 C8

  14. Homework P5 Backflushing

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