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2013•International Journal of Advancements in Computing TechnologyRequires access

The Analysis of Activity-based Costing in Oil Industry

Lingling Guo

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Abstract

ABC is applied extensively to many industries such as manufacturing, transportation etc. This paper applied the activity-based costing to oil industry. Its result showed that the original cost was apparently overestimated or underestimated contrasting to the activity-based cost, and the difference was 132.25% and 78.53%. Besides, this paper empirically analyzed the relation between the activity-based cost and cost driver, which is higher than that between the original cost and cost driver. These results showed the activity-based cost was preferred in oil industry.

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What this paper is about

ABC is applied extensively to many industries such as manufacturing, transportation etc. This paper applied the activity-based costing to oil industry. Its result showed that the original cost was apparently overestimated or underestimated contrasting to the activity-based cost, and the difference was 132.25% and 78.53%. Besides, this paper empirically analyzed the relation between the activity-based cost and cost driver, which is higher than that between the original cost and cost driver. These results showed the activity-based cost was preferred in oil industry.

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Available abstract

ABC is applied extensively to many industries such as manufacturing, transportation etc. This paper applied the activity-based costing to oil industry. Its result showed that the original cost was apparently overestimated or underestimated contrasting to the activity-based cost, and the difference was 132.25% and 78.53%. Besides, this paper empirically analyzed the relation between the activity-based cost and cost driver, which is higher than that between the original cost and cost driver. These results showed the activity-based cost was preferred in oil industry.

Key concepts: Computer science, Activity-based costing, Accounting, Business

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