Activity based costing, accounting, Basic Statistics

Assignment Help:
Traditional cost accounting has been based on allocating a subjective or calculated range of indirect expenses to direct costs. Activity Based Costing (ABC) offers an alternative approach. Much of the textbook work on ABC refers to examples from large-scale manufacturing, yet according to the UK government Statistics Office[1] small and medium–sized enterprises (fewer than 250 employees) account for 99.9 per cent of all enterprises in the UK private sector, whilst representing 59.8 per cent of employment and 49.0 per cent of turnover. The UK services industries account for around 75% of total value–added in the UK[2], while the Public Sector accounts for about 45% of total UK spending.
Required:

Discuss how a small UK health-sector service provider might use ABC to (a) produce ‘product costs’ for services, and to (b) evaluate the internal efficiency, quality and profitability per product or service line. Both benefits and drawbacks must be considered.

Your answer must be supported by reference to relevant literature, logical argument, and MUST include worked examples to illustrate your arguments. All reference to literature must be referenced in Harvard Style. The validity and reliability of all literature must be considered except where its source is a peer-reviewed journal. The literature you refer to does not need to be about small UK health-sector service providers: you may find journal articles from other countries, or about non-health-sector small service providers, or articles about large enterprises. Such articles might help you to discuss applying the principles of ABC from one service organisation to another, from one country to another, or to discuss differences between large and small organisations.

Your work must be submitted to Turnitin on Blackboard in a Word document. Only one document may be submitted, any work in Excel or other software must be copied and pasted into your Word document.

Appendices are limited to three pages and MUST be referred to in the body of the essay.
Word limit: 2500 (not including references section or appendices)

Related Discussions:- Activity based costing, accounting

Managerial accounting homework, Your friend Jose is trying to decide whethe...

Your friend Jose is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purcha

Accouting theory, journal article about capture theory,economic intrest the...

journal article about capture theory,economic intrest thery,public intrest theory

Standard deviation, Standard Deviation: The standard deviation is a gauge o...

Standard Deviation: The standard deviation is a gauge of the variance, or dispersion, of the market return over its average returns. Thus Standard Deviation gives an insight of tot

Compute the maximum standard deviation, The specification for a plastic han...

The specification for a plastic handle calls for a length of 6.0 inches ± 0.5 inches (5.5 to 6.5 inches). The process is known to operate at a mean thickness of 6.1 inches.  The mi

Basis of accounting, Basis of accounting This represents the technique and...

Basis of accounting This represents the technique and time of when income and costs or costs are acknowledged in the records and revealed in the fiscal reports. Talk about ACCRUAL

Spectral Hydrogen Atom, Long before Bohr gave his theory of hydrogen atom, ...

Long before Bohr gave his theory of hydrogen atom, various scientists had observed experimentally, the spectral series of hydrogen atom. Bohr offered a theoretical explanation of t

AUTOMATED TELLER MACHINE (ATM) , AUTOMATED TELLER MACHINE (ATM) Computer m...

AUTOMATED TELLER MACHINE (ATM) Computer managed devices placed at a financial institution division or other place, which allow a client to execute primary checking actions (such a

Correlation and Regression, WHAT IS THE RELATIONSHIP BETWEEN REGRESSION COE...

WHAT IS THE RELATIONSHIP BETWEEN REGRESSION COEFFICIENT BYX BXY AND CORRELATION COEFFICIENT R?

Construct the frequency distribution, 1) Here we are given a raw data and w...

1) Here we are given a raw data and we are supposed to construct the frequency distribution of that data and plot the histogram of it. The dataset contains the values from 1 to

methods of collecting primary data, Distinguish between primary and second...

Distinguish between primary and secondary data. What are the methods of collecting primary data?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd