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An examination of the types of cost system used to obtain product costs in British manufacturing industry

Brierley, John A., Cowton, Christopher J. and Drury, Colin (2008) An examination of the types of cost system used to obtain product costs in British manufacturing industry. International Journal of Managerial and Financial Accounting, 1 (1). pp. 6-17. ISSN 1753-6715

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Abstract

Kaplan has argued that a single accounting system should not be used to calculate product costs for use in decision making because it is not possible for a single system to satisfy the three different purposes of costs systems. Instead, he has suggested that operating units should use three separate systems to satisfy each of the three purposes or a database system from which information can be extracted to satisfy each purpose. This paper uses the results of 259 useable questionnaire responses and 55 interviews with British management accountants to examine which types of cost system are used to obtain product costs in British manufacturing industry and why these cost systems are used. The results reveal that single, separate and database systems are used to obtain product costs, with single systems being the most popular. Single systems are used for historical reasons and appear heavily institutionalised in British manufacturing industry. Although separate and database system are used they are not significantly different from single systems. The implication of this is that costs calculated using these two types of system might not satisfy the three different purposes of cost systems.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Schools: Huddersfield Business School
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Depositing User: Jonathan Cook
Date Deposited: 21 Aug 2017 14:33
Last Modified: 21 Aug 2017 14:33
URI: http://eprints.hud.ac.uk/id/eprint/32850

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