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Author: V. G. Narayanan
Publisher:
ISBN: 9781601986467
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and product managers internalize something other than their true costs. In the case of transfer prices, a high transfer price serves as a means of promoting tacit collusion. In the case of product cost measurement, an inferior cost allocation system that just spreads costs evenly may promote tacit collusion.
Author: V. G. Narayanan
Publisher:
ISBN: 9781601986467
Category : Business & Economics
Languages : en
Pages : 66
Get Book Here
Book Description
The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and product managers internalize something other than their true costs. In the case of transfer prices, a high transfer price serves as a means of promoting tacit collusion. In the case of product cost measurement, an inferior cost allocation system that just spreads costs evenly may promote tacit collusion.
Author: V. G. Narayanan
Publisher:
ISBN: 9781601986474
Category : Cost accounting
Languages : en
Pages : 63
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Book Description
Two of the most pervasive cost accounting systems for coordinating activities and facilitating decisions within firms are transfer pricing and product costing. These systems allow decentralized decision making that can take advantage of the local knowledge of managers. The choice of transfer prices and product costs also affects, and is affected by, the choice of similar systems by competing firms. In this monograph, we show that transfer prices, organizational structure, and firms' cost allocation system choices have a strategic impact on the product market in both Bertrand and Cournot settings. We show that the observability of and commitment to transfer prices are important factors that affect transfer prices and the strategic effect of transfer prices on the rival firm. But even in the absence of observability and commitment, we show that transfer prices have strategic effects, albeit more muted than in a setting that affords observability and commitment. Similarly, we show that firms' cost system choices have a strategic impact on rival firms. Surprisingly, these strategic effects sometimes have the result of an inferior cost system being chosen in equilibrium. Lastly, we consider a situation in which firms choose to specialize in a product market in order to obtain superior cost information. We show that sometimes firms may choose this strategy in equilibrium as an alternative to traditional costs systems that average costs across products without regard to their true consumption of resources. At other times, firms may choose a more refined cost system that yields better cost information in lieu of traditional cost systems. We thus show that a focused strategy of specializing in a product and a superior cost system may act as substitutes.
Author: Sandra-lee Wallace
Publisher:
ISBN:
Category : Contingency theory (Management)
Languages : en
Pages :
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Book Description
Author: National Association of Accountants
Publisher:
ISBN:
Category : Cost accounting
Languages : en
Pages : 356
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Book Description
Author:
Publisher:
ISBN:
Category : Cost accounting
Languages : en
Pages : 356
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Book Description
Author: C. W. Halligan
Publisher:
ISBN:
Category :
Languages : en
Pages : 6
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Book Description
Author: Robert S. Kaplan
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 50
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Book Description
Author: Wilfred Ainsworth
Publisher:
ISBN:
Category : Cost accounting
Languages : en
Pages : 130
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Book Description
Author: United States. Congress. Senate. Committee on Commerce
Publisher:
ISBN:
Category : Cost accounting
Languages : en
Pages : 108
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Book Description
Considers (74) H.R. 200, (73) H.R. 6038, (74) S. 1.
Author: Romeo G. Manalo
Publisher: eBookIt.com
ISBN: 1456601539
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
This book addresses an important issue -- the nature of and evidence for success in the transfer costing of internal services or shared services or products within a company. The case of activity-based costing (ABC) is used to explore how the proponents have developed a framework linking Quality, Cost and Delivery (QCD) components of products and services.The QCD performance indices, which are the natural properties of products and services, will form part of the Service Level Agreements between the internal service providers (Shared Services Centers) and internal customers (Profit Centers) of the company. This framework optimizes the use of overhead expenses to the end products of the company.This book also discusses the various cost components of the products and services using the full absorption costing principle. It is a revolutionary idea in the sense that all activity costs are considered variable costs and product costs come from activity costs using various cost drivers.The Principal Component Analysis (PCA), the multi-variate statistical tool, is applied using SPSS to analyze which independent variables contribute significantly to the Product Unit Price (PUP) and which should be given more emphasis in decision making process.
