• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Project Research – Fixed cost Allocation

Forums › Qualified Members forum › Project Research – Fixed cost Allocation

  • This topic has 1 reply, 2 voices, and was last updated 4 months ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 10, 2025 at 1:37 pm #714514
    RossEds
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi everyone,

    I’m currently diving into a research project on how manufacturing companies allocate fixed costs, and I could really use your expertise! My goal is to understand the most common practices and any innovative methods being used in the industry.

    Some specific questions I’m exploring:

    What are the standard bases for allocating fixed costs (e.g., machine hours, labor hours, units produced)?
    Are there industry-specific differences in allocation methods?
    How do companies handle fixed cost allocation when there’s unused capacity?
    Any insights on how automation or modern accounting tools are influencing this process?
    If you work in manufacturing, have studied this topic, or have come across useful resources, I’d love to hear from you! Suggestions for articles, case studies, or even your personal experiences would be incredibly valuable.

    Thanks in advance for your help!

    January 11, 2025 at 9:43 am #714523
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8285
    • ☆☆☆☆☆

    The following suggestions from ChatGPT:
    Articles and Case Studies:
    Cost Allocation Practices in Manufacturing:
    Search for articles in Harvard Business Review, Journal of Management Accounting Research, or Strategic Finance for case studies and discussions on cost allocation.
    Case Study Example: “Cost Allocation in a Manufacturing Environment” by CIMA (Chartered Institute of Management Accountants). It provides practical insights into allocation methods.

    Industry-Specific Practices:
    Look for reports published by industry bodies like the Institute of Management Accountants (IMA) or Manufacturing Institute.
    Example Resource: Industry-specific studies, such as those available on PwC or Deloitte’s websites, often include sections on cost allocation strategies.
    Unused Capacity Challenges:

    Research articles that address “Theory of Constraints” or “Activity-Based Costing (ABC)” to understand how unused capacity is managed.
    Suggested Article: “Managing Capacity Costs: Lessons from Lean Manufacturing” by APICS (Association for Supply Chain Management).
    Automation and Modern Accounting Tools:

    Explore publications by ERP vendors like SAP, Oracle, or QuickBooks, which discuss how their tools optimize fixed cost allocation.
    Article Example: “Impact of Automation on Manufacturing Accounting” by McKinsey & Company.

    Where to Search:
    Academic Databases:
    Access scholarly articles on platforms like JSTOR, ProQuest, or Google Scholar by searching for terms like:
    “Fixed cost allocation in manufacturing”
    “Activity-based costing in manufacturing”
    “Unused capacity cost management”
    Professional Accounting Bodies:

    Websites of organizations like:
    CIMA (Chartered Institute of Management Accountants)
    IMA (Institute of Management Accountants)
    AICPA (American Institute of Certified Public Accountants)
    Business and Management Portals:

    Explore case studies on:
    HBR.org (Harvard Business Review)
    Forbes.com
    The Manufacturer (specifically for insights on industry practices)
    Online Forums and Communities:

    Engage with professionals on:
    LinkedIn Groups related to cost accounting or manufacturing.

    Specialized Books:
    Cost Accounting: A Managerial Emphasis by Horngren, Datar, and Rajan.
    Accounting for Decision Making and Control by Jerold Zimmerman.

    Suggestions for Deep Dives:
    ABC (Activity-Based Costing): Learn how manufacturers use ABC to allocate fixed costs more precisely, especially in complex production environments.
    Lean Accounting: Explore lean methodologies to understand how they reduce reliance on traditional cost allocation methods.
    Case Studies on Automation: Look for real-world examples of how companies integrate AI or machine learning to improve cost allocation.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • azubair on PM Chapter 15 Questions Financial Performance Measurement
  • Dileena on Sources of finance – Islamic Finance – ACCA (AFM) lectures
  • amaanalli on Governance – ACCA Strategic Business Leader (SBL)
  • nabeelafatima on Using Information Systems – ACCA Performance Management (PM)
  • John Moffat on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in