Application Of Activity Based Costing In Cost Accounting Of H Food Company

Cost accounting is an important part of accounting.Choosing a cost accounting method suitable for the enterprise is of great significance for increasing revenue and reducing expenditure,reducing product costs,improving economic benefits and ensuring the timeliness and accuracy of cost accounting information.With the economic development,the improvement of people’s living standards and the acceleration of the pace of life,the food industry is developing rapidly,and the competition is becoming increasingly fierce.As an important livelihood industry,food enterprises not only provide convenience for people’s daily life,but also make people eat Healthier and more nutritious.For a long time,the food industry Has been using traditional cost calculation,and the limitations of cost accounting Have emerged,which is also incompatible with modern accounting information processing methods.In order to adapt to the vigorous development of market economy and deal with the fierce market competition,it has become inevitable to transition from extensive cost management mode to refined cost management mode.In the development of the food industry,the H Food Company is in the forefront,a variety of products are deeply loved by consumers,and the production and marketing business scope is all over the country.In recent years,affected by market competition,the development of the company has been affected to a certain extent,and the pace of developing the market has become slow.Market competition is product competition,and product competition is cost competition.The existing cost accounting method of the H Food Company has been unable to meet the needs of cost management,and its limitations are becoming increasingly prominent.Use Activity based costing,an advanced cost accounting method,is conducive to accurate accounting of manufacturing expenses,and will have a significant effect on improving enterprise operation and profit level.Firstly,this paper introduces the research background,purpose and significance of activity-based costing,as well as the research status of activity-based costing at home and abroad,and summarizes the relevant theories.Through the actual investigation of the H Food Company,we understand the existing cost accounting methods of the company,analyze its operation and current situation of cost accounting,and find the problems existing in the current accounting methods of the H Food Company.At the same time,it analyzes the reasons for the differences between the traditional cost method and activity-based costing,as well as the advantages of activity-based costing.Secondly,using the activity-based costing method,redefine the scope of cost accounting for the H Food Company,and determine various resources and activities on this basis.According to the cost driver,the cost is allocated to the final product,and a set of applicable cost driver selection scheme is studied to calculate the cost of the final product in order to establish the activity-based costing model.Thirdly,it discusses the application scheme of Activity-Based Costing in the H Food Company.Finally,it points out the guarantee measures for the implementation of ABC,and looks forward to the implementation prospect of ABC.Through the research,it is found that the accounting results under the activity-based costing method are more accurate and can provide a scientific basis for managers’ cost decision-making.It is hoped that the research results of this paper can provide reference for the cost management and cost control of the same type of enterprises.