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2010•Unpublished venueRequires access

A manufacturing cost estimation method based on activity-based costing

Zheng Yongqian, Meng Chen, Yao Xuebo, Jin Zhang

Open publisher page 12 citations

Abstract

In order to estimate manufacture costs of the product more accurately, this paper will combine activity-based costing (Activity-based Costing, ABC) with BOM to estimate the product of direct manufacturing costs. As to the indirect cost estimates, this paper filter out the cost driver data in the process of direct cost estimation as input and predict output by neural network, so as to raise the accuracy of indirect costs estimates effectively. The results show that the proposed method is feasible.

About this research paper

What this paper is about

In order to estimate manufacture costs of the product more accurately, this paper will combine activity-based costing (Activity-based Costing, ABC) with BOM to estimate the product of direct manufacturing costs. As to the indirect cost estimates, this paper filter out the cost driver data in the process of direct cost estimation as input and predict output by neural network, so as to raise the accuracy of indirect costs estimates effectively. The results show that the proposed method is feasible.

Why it matters

OpenAlex reports 12 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

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Method / approach

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Main findings

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Limitations

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Applications

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Available abstract

In order to estimate manufacture costs of the product more accurately, this paper will combine activity-based costing (Activity-based Costing, ABC) with BOM to estimate the product of direct manufacturing costs. As to the indirect cost estimates, this paper filter out the cost driver data in the process of direct cost estimation as input and predict output by neural network, so as to raise the accuracy of indirect costs estimates effectively. The results show that the proposed method is feasible.

Key concepts: Activity-based costing, Cost estimate, Cost driver, Target costing, Computer science, Product cost management, Process costing, Total absorption costing

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