The use of activity-based costing system for product cost determination in manufacturing companies.

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dc.contributor.authorAkinleye, G.T
dc.contributor.authorAdigbole, Ezekiel
dc.date.accessioned2023-04-28T15:50:49Z
dc.date.available2023-04-28T15:50:49Z
dc.date.issued2010-06
dc.descriptionThis article demostrated with a case study, the use of activity-based costing in product cost determination in a manufacturing setting.en_US
dc.description.abstractThis study examined three basic systems of costing used in determining product cost information and these are: absorption (traditional) costing, direct costing, and Activity-Based Costing (ABC). Of these three systems, absorption costing and ABC are the common systems use for product cost determination as of today. For a very long time, absorption costing was the system mostly used for product costing; while direct costing is usually used for special decisions or situations. However, in 1988, ABC was introduced through the works of Cooper and Kaplan. It has been argued that when a company manufactures a variety of complex products, ABC is the best costing system to use for product cost determination. To verify this assertion, this paper discussed the use of ABC for product cost determination and used Osisioni Nigeria Ltd, a medium scale manufacturing firm based in Ota, Ogun state, Nigeria as a case study. The study utilized secondary data. The results of the descriptive analysis showed that ABC has great potentials for use in product costing.en_US
dc.description.sponsorshipSelfen_US
dc.identifier.citationAkinleye, G.T & Adigbole E.A. (2010). The use of activity-based costing system for product cost determination in manufacturing companies. AAU: African Studies Review, 9 (June), 336 -356,en_US
dc.identifier.issn2006-7488
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/9384
dc.language.isoenen_US
dc.publisherDepartment of History and International Studies, Adekunle Ajasin University.en_US
dc.subjectActivity-based costing, product cost determination, manufacturing companyen_US
dc.titleThe use of activity-based costing system for product cost determination in manufacturing companies.en_US
dc.typeArticleen_US

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