{"product_id":"activity-based-costing-for-construction-companies-paperback-softback-9781119194675","title":"Activity Based Costing for Construction Companies (Paperback \/ softback) 9781119194675","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eActivity Based Costing for Construction Companies\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eYong-Woo Kim (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119194675, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 31 March 2017\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e184 pages\u003cbr\u003e22.6 x 15 x 1 cm, 0.318 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003ci\u003eActivity Based Cotsting for Construction Companies\u003c\/i\u003e provides guidelines on how overhead costs can be managed for using Activity Based Costing (ABC), providing gains in contractor competiveness. Illustrated with a range of case studies and examples it also presents a map that shows construction contractors how to implement ABC to calculate overhead costs accurately, identifying non or low-value added operations which can then be improved.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 What comprises costs in a construction company? 2\u003c\/p\u003e \u003cp\u003e1.1.1 Construction costs (project costs) 3\u003c\/p\u003e \u003cp\u003e1.1.2 Overhead costs in a construction company 3\u003c\/p\u003e \u003cp\u003e1.1.3 The cost classification in use and the duality of overhead costs 5\u003c\/p\u003e \u003cp\u003e1.2 Overhead costs in new business environments 6\u003c\/p\u003e \u003cp\u003e1.3 Role of overhead cost management 10\u003c\/p\u003e \u003cp\u003e1.3.1 Overhead costing system should provide accurate costing on cost objects 10\u003c\/p\u003e \u003cp\u003e1.3.2 Overhead costing system should contribute to reducing total costs without sacrificing value 11\u003c\/p\u003e \u003cp\u003e1.4 Structure of this book 11\u003c\/p\u003e \u003cp\u003eReferences 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 What Is Activity-Based Costing? 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Traditional accounting method: resource-based costing with volume-based allocation 16\u003c\/p\u003e \u003cp\u003e2.1.1 Resource-based costing 16\u003c\/p\u003e \u003cp\u003e2.1.2 Overhead costs allocation 17\u003c\/p\u003e \u003cp\u003e2.2 What are the problems with the current method? 18\u003c\/p\u003e \u003cp\u003e2.2.1 Is the current method contributing to reducing total costs? 19\u003c\/p\u003e \u003cp\u003e2.2.2 Does the current method provide accurate pricing? 19\u003c\/p\u003e \u003cp\u003e2.3 What is activity-based costing? 20\u003c\/p\u003e \u003cp\u003e2.3.1 Definition 20\u003c\/p\u003e \u003cp\u003e2.3.2 Characteristics of ABC 21\u003c\/p\u003e \u003cp\u003e2.3.3 Objectives of ABC system 25\u003c\/p\u003e \u003cp\u003e2.4 Implementing activity-based costing 26\u003c\/p\u003e \u003cp\u003e2.4.1 Develop an activity-based costing charter 26\u003c\/p\u003e \u003cp\u003e2.4.2 Define cost objects 27\u003c\/p\u003e \u003cp\u003e2.4.3 Identify activities 28\u003c\/p\u003e \u003cp\u003e2.4.4 Assign resource costs to activities 29\u003c\/p\u003e \u003cp\u003e2.4.5 Assign activity costs to cost objects 32\u003c\/p\u003e \u003cp\u003e2.5 Chapter summary 35\u003c\/p\u003e \u003cp\u003eReferences 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Managing Overhead Costs in Construction Projects 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Project overhead costs as profit points 40\u003c\/p\u003e \u003cp\u003e3.2 Implementing ABC to manage project overhead costs 42\u003c\/p\u003e \u003cp\u003e3.3 Case study: xx Commercial Complex 42\u003c\/p\u003e \u003cp\u003e3.3.1 Developing an activity-based costing charter 43\u003c\/p\u003e \u003cp\u003e3.3.2 Workshop 45\u003c\/p\u003e \u003cp\u003e3.3.3 Defining cost objects 46\u003c\/p\u003e \u003cp\u003e3.3.4 Identifying activities 47\u003c\/p\u003e \u003cp\u003e3.3.5 Assigning resource costs to activities 48\u003c\/p\u003e \u003cp\u003e3.3.6 Assigning activity costs to cost objects 53\u003c\/p\u003e \u003cp\u003e3.4 Using ABC data for managerial purposes 58\u003c\/p\u003e \u003cp\u003e3.4.1 Evaluating management areas with activity analysis 64\u003c\/p\u003e \u003cp\u003e3.4.2 Evaluating subcontractors 68\u003c\/p\u003e \u003cp\u003e3.5 Chapter summary 70\u003c\/p\u003e \u003cp\u003eReferences 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Managing Your General Overhead Costs 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 General overhead costs 74\u003c\/p\u003e \u003cp\u003e4.2 Managing general overhead costs 75\u003c\/p\u003e \u003cp\u003e4.2.1 Accurate general overhead allocation 75\u003c\/p\u003e \u003cp\u003e4.2.2 Providing a process view for process improvements 79\u003c\/p\u003e \u003cp\u003e4.3 Does current practice for managing general overhead costs work? 80\u003c\/p\u003e \u003cp\u003e4.3.1 Resource-based costing 80\u003c\/p\u003e \u003cp\u003e4.3.2 Volume-based assignment 80\u003c\/p\u003e \u003cp\u003e4.4 How can ABC be implemented in managing general overhead costs? 82\u003c\/p\u003e \u003cp\u003e4.4.1 Case study: xx Construction (general contractor) 82\u003c\/p\u003e \u003cp\u003e4.5 How can ABC data be used in managing general overhead costs? 92\u003c\/p\u003e \u003cp\u003e4.5.1 Cost driver analysis 93\u003c\/p\u003e \u003cp\u003e4.5.2 Profitability analysis for each project 93\u003c\/p\u003e \u003cp\u003e4.5.3 Profitability analysis for each market sector 97\u003c\/p\u003e \u003cp\u003e4.5.4 Profitability analysis for each customer 104\u003c\/p\u003e \u003cp\u003e4.6 Chapter summary 105\u003c\/p\u003e \u003cp\u003eReferences 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Managing Overhead Costs in a Fabrication Shop 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Rebar supply system 108\u003c\/p\u003e \u003cp\u003e5.2 Case study: PQR Construction Inc. 111\u003c\/p\u003e \u003cp\u003e5.2.1 The rebar fabrication shop’s cost structure 111\u003c\/p\u003e \u003cp\u003e5.2.2 Allocation of rebar fabrication shop’s costs to projects 113\u003c\/p\u003e \u003cp\u003e5.3 Analysis using traditional rebar costs allocation 113\u003c\/p\u003e \u003cp\u003e5.3.1 Identify cost objects and direct costs 114\u003c\/p\u003e \u003cp\u003e5.3.2 Identify the overhead costs to be allocated and calculate the allocation base 114\u003c\/p\u003e \u003cp\u003e5.3.3 Calculate the overhead costs allocated to each project 116\u003c\/p\u003e \u003cp\u003e5.4 Analysis using activity-based costing 117\u003c\/p\u003e \u003cp\u003e5.4.1 Determining system objectives and defining cost objects 118\u003c\/p\u003e \u003cp\u003e5.4.2 Identifying resources and activities 119\u003c\/p\u003e \u003cp\u003e5.4.3 Assigning resource costs to activities 120\u003c\/p\u003e \u003cp\u003e5.4.4 Determining a cost driver for each activity 122\u003c\/p\u003e \u003cp\u003e5.4.5 Calculating a unit rate of activity costs (cost driver rate) and allocating activity costs to cost objects 124\u003c\/p\u003e \u003cp\u003e5.5 How can ABC data be used for managerial purposes? 125\u003c\/p\u003e \u003cp\u003e5.5.1 Accurate cost information through overhead cost allocation 125\u003c\/p\u003e \u003cp\u003e5.5.2 Cost information on processes 127\u003c\/p\u003e \u003cp\u003e5.5.3 Cost driver analysis 129\u003c\/p\u003e \u003cp\u003e5.5.4 Ways to reduce overhead costs 130\u003c\/p\u003e \u003cp\u003e5.6 Chapter summary 130\u003c\/p\u003e \u003cp\u003eReferences 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Activity-Based Costing in Your Organization 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 The benefits of the ABC journey 134\u003c\/p\u003e \u003cp\u003e6.2 Implementation roadmap for ABC 138\u003c\/p\u003e \u003cp\u003e6.2.1 Concept-level roadmap 138\u003c\/p\u003e \u003cp\u003e6.2.2 Implementation roadmap for a focused application 139\u003c\/p\u003e \u003cp\u003e6.2.3 Phase 1. Planning stage: preparing for your ABC journey 140\u003c\/p\u003e \u003cp\u003e6.2.4 Phase 2. Execution stage: developing your ABC system 144\u003c\/p\u003e \u003cp\u003e6.2.5 Phase 3. Internalization stage: final tune-up 154\u003c\/p\u003e \u003cp\u003e6.3 Common mistakes in the journey 156\u003c\/p\u003e \u003cp\u003e6.3.1 Beginning your ABC journey without strong commitment from top management 156\u003c\/p\u003e \u003cp\u003e6.3.2 Beginning your journey with poorly defined objectives and scope 157\u003c\/p\u003e \u003cp\u003e6.3.3 Developing a task force that does not have the necessary authority 157\u003c\/p\u003e \u003cp\u003e6.3.4 Developing more cost objects than needed 158\u003c\/p\u003e \u003cp\u003e6.3.5 Making activities ambiguous 158\u003c\/p\u003e \u003cp\u003e6.3.6 The effect of distorted time–effort % assigned to activities 159\u003c\/p\u003e \u003cp\u003e6.3.7 Choosing cost drivers that are hard to measure 159\u003c\/p\u003e \u003cp\u003eIndex 161\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Civil engineering, surveying \u0026amp; building [\u003ca title=\"See our other books on Civil engineering, surveying \u0026amp; building\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Civil%20engineering,%20surveying%20\u0026amp;%20building%20%5BTN%5D%22\"\u003eTN\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Brand New","offer_id":52428533629208,"sku":"9781119194675","price":60.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119194675.jpg?v=1784678509","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/activity-based-costing-for-construction-companies-paperback-softback-9781119194675","provider":"Freshly Printed Books","version":"1.0","type":"link"}