International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Evaluating the Efficiency of Activity-Based Costing in Modern Manufacturing Enterprises

Author(s) Dr Sunil Kumar Sharma
Country India
Abstract This research paper investigates the efficacy of Activity-Based Costing (ABC) in modern manufacturing enterprises, aiming to enhance cost accuracy and decision-making processes. Through a mixed-methods approach, including literature review and case study analysis, the study evaluates the implementation of ABC in manufacturing enterprises and compares its results with traditional costing methods. Findings reveal that ABC provides more accurate cost allocations and overhead rates, leading to improved profitability measures for products. The analysis underscores the significance of ABC in enabling better resource allocation, pricing strategies, and product mix optimization, thereby enhancing competitiveness and profitability in modern manufacturing environments. However, challenges such as implementation complexity are acknowledged, suggesting the need for investment in training and resources to maximize the benefits of ABC. The implications of the study highlight the importance of adopting ABC for sustainable growth and performance excellence in manufacturing enterprises. Future research directions include exploring advanced technologies to enhance ABC's effectiveness, longitudinal studies to assess long-term impact, and comparative analyses across industries and regions to guide cost management strategies for future challenges.
Keywords Activity Based Costing, modern manufacturing, cost accuracy, decision making, traditional costing methods, profitability, resource allocation, competitiveness, implementation challenges, future research directions
Published In Volume 5, Issue 5, September-October 2023
Published On 2023-09-28
Cite This Evaluating the Efficiency of Activity-Based Costing in Modern Manufacturing Enterprises - Dr Sunil Kumar Sharma - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.17829
DOI https://doi.org/10.36948/ijfmr.2023.v05i05.17829
Short DOI https://doi.org/gtvhjp
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