A Research On Time-driven Activity-based Costing For Y Company

With the increasingly fierce market competition,the rising prices of raw materials and the homogeneity of the industry,the profit space of Y anode material manufacturers is constantly being squeezed.Existing cost accounting methods have been unable to meet the needs of company Y’s customized and diversified products.Having accurate cost information to formulate reasonable pricing directly affects the competitiveness of enterprises.In order to obtain cost information accurately,new cost accounting methods must be explored.This paper compares the principles,methods,accounting ranges,advantages and disadvantages of traditional cost method,activity cost method,and time-driven cost method that are suitable for manufacturing cost accounting through comparative analysis.And through actual research,combing the existing cost accounting methods and business processes of company Y,and analyzing the necessity of changing the original cost accounting methods.The feasibility demonstration of the time-driven activity cost method which is more suitable for improving its cost status is established,and an experimental model is established.Determine the application ideas and accounting steps based on the production process and actual data of the production department of company Y.The accounting results are compared with traditional cost accounting methods,and the results are analyzed,combined with product quotations,process improvements,and supply chain management for application and expansion.It is concluded that the time-driven activity costing method is convenient to calculate,easy to update,and easy to expand.Establishing a time-driven activity-based costing model requires standardized business processes and clear division of labor.In the application,it can be implemented through trial and promotion.Considering the efficiency of time and quality costs can make costing more accurate.The time-driven activity cost method can reveal idle productivity and can be combined with other corporate management methods,such as lean management,benchmarking,supply chain management,and comprehensive budgeting.Improve the current cost management status of company Y and provide a reference for the application of time-driven activity cost method in the anode material industry.