Development a new costing structure for palm oil industry using time driven activity based costing
Palm oil is one of the agricultural commodities most marketable in the world. The Malaysian palm oil industry is undoubtedly the pride of the country. There are few problems in this plantation at present, which do not represent a time frame to measure operations deviation, a rate establishment did n...
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| Format: | Conference or Workshop Item |
| Language: | en |
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IOP Publishing
2020
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| Online Access: | http://umpir.ump.edu.my/id/eprint/28729/1/publication6-RDU1903105.pdf http://umpir.ump.edu.my/id/eprint/28729/ https://doi.org/10.1088/1742-6596/1529/5/052034 |
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| _version_ | 1831527333615370240 |
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| author | Mohd Yazid, Abu S.N.A.M., Zaini |
| author_facet | Mohd Yazid, Abu S.N.A.M., Zaini |
| author_sort | Mohd Yazid, Abu |
| building | UMPSA Library |
| collection | Institutional Repository |
| content_provider | Universiti Malaysia Pahang Al-Sultan Abdullah |
| content_source | UMPSA Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | Palm oil is one of the agricultural commodities most marketable in the world. The Malaysian palm oil industry is undoubtedly the pride of the country. There are few problems in this plantation at present, which do not represent a time frame to measure operations deviation, a rate establishment did not properly explain the connection between supplied assets and functional capacity and a method for tracking unused capacity was not available to the manager. This work aims at developing a new costing model specifically for ramp areas for improved precision. Time-driven activity-based costing (TDABC) is introduced because it can measure time output effectively, correctly identify idle energy and separately list the unused capacity. Costing based on time activity has been implemented. It also offers a better understanding of operating instruments and associated costs when assessing processes and promoting improvements in quality. There are three main divisions in the plantation in Pahang. The maximum utilized ramp capacity and the level of capacity cost rate (CCR) were successfully established with 4800 minutes and 1.00 RM / minute respectively. Finally, the manager finds the unused capability that can be used to improve ramp-resource management on a regular basis. However, the unused capacity created in ramp activities is not present in this case study. |
| format | Conference or Workshop Item |
| id | my.ump.umpir.28729 |
| institution | Universiti Malaysia Pahang |
| language | en |
| publishDate | 2020 |
| publisher | IOP Publishing |
| record_format | eprints |
| spelling | my.ump.umpir.287292020-08-06T07:04:24Z http://umpir.ump.edu.my/id/eprint/28729/ Development a new costing structure for palm oil industry using time driven activity based costing Mohd Yazid, Abu S.N.A.M., Zaini TS Manufactures Palm oil is one of the agricultural commodities most marketable in the world. The Malaysian palm oil industry is undoubtedly the pride of the country. There are few problems in this plantation at present, which do not represent a time frame to measure operations deviation, a rate establishment did not properly explain the connection between supplied assets and functional capacity and a method for tracking unused capacity was not available to the manager. This work aims at developing a new costing model specifically for ramp areas for improved precision. Time-driven activity-based costing (TDABC) is introduced because it can measure time output effectively, correctly identify idle energy and separately list the unused capacity. Costing based on time activity has been implemented. It also offers a better understanding of operating instruments and associated costs when assessing processes and promoting improvements in quality. There are three main divisions in the plantation in Pahang. The maximum utilized ramp capacity and the level of capacity cost rate (CCR) were successfully established with 4800 minutes and 1.00 RM / minute respectively. Finally, the manager finds the unused capability that can be used to improve ramp-resource management on a regular basis. However, the unused capacity created in ramp activities is not present in this case study. IOP Publishing 2020-06 Conference or Workshop Item PeerReviewed pdf en cc_by http://umpir.ump.edu.my/id/eprint/28729/1/publication6-RDU1903105.pdf Mohd Yazid, Abu and S.N.A.M., Zaini (2020) Development a new costing structure for palm oil industry using time driven activity based costing. In: 2nd Joint International Conference on Emerging Computing Technology and Sports, JICETS 2019 , 25-27 November 2019 , Bandung; Indonesia. pp. 1-7., 1529 (5). ISSN 1742-6588 (Published) https://doi.org/10.1088/1742-6596/1529/5/052034 |
| spellingShingle | TS Manufactures Mohd Yazid, Abu S.N.A.M., Zaini Development a new costing structure for palm oil industry using time driven activity based costing |
| title | Development a new costing structure for palm oil industry using time driven activity based costing |
| title_full | Development a new costing structure for palm oil industry using time driven activity based costing |
| title_fullStr | Development a new costing structure for palm oil industry using time driven activity based costing |
| title_full_unstemmed | Development a new costing structure for palm oil industry using time driven activity based costing |
| title_short | Development a new costing structure for palm oil industry using time driven activity based costing |
| title_sort | development a new costing structure for palm oil industry using time driven activity based costing |
| topic | TS Manufactures |
| url | http://umpir.ump.edu.my/id/eprint/28729/1/publication6-RDU1903105.pdf http://umpir.ump.edu.my/id/eprint/28729/ https://doi.org/10.1088/1742-6596/1529/5/052034 |
| url_provider | http://umpir.ump.edu.my/ |