Activity based costing for construction companies /
Yong-Woo Kim.
- 1 online resource.
Includes bibliographical references and index.
Title Page ; Copyright Page; Contents; Preface; Chapter 1 Introduction; 1.1 What comprises costs in a construction company?; 1.1.1 Construction costs (project costs); 1.1.2 Overhead costs in a construction company; 1.1.3 The cost classification in use and the duality of overhead costs; 1.2 Overhead costs in new business environments; 1.3 Role of overhead cost management; 1.3.1 Overhead costing system should provide accurate costing on cost objects; 1.3.2 Overhead costing system should contribute to reducing total costs without sacrificing value; 1.4 Structure of this book; References Chapter 2 What Is Activity-Based Costing? 2.1 Traditional accounting method: resource-based costing with volume-based allocation ; 2.1.1 Resource-based costing ; 2.1.2 Overhead costs allocation; 2.2 What are the problems with the current method?; 2.2.1 Is the current method contributing to reducing total costs?; 2.2.2 Does the current method provide accurate pricing?; 2.3 What is activity-based costing? ; 2.3.1 Definition; 2.3.2 Characteristics of ABC; 2.3.3 Objectives of ABC system; 2.4 Implementing activity-based costing ; 2.4.1 Develop an activity-based costing charter 2.4.2 Define cost objects2.4.3 Identify activities; 2.4.4 Assign resource costs to activities; 2.4.5 Assign activity costs to cost objects; 2.5 Chapter summary; References; Chapter 3 Managing Overhead Costs in Construction Projects; 3.1 Project overhead costs as profit points; 3.2 Implementing ABC to manage project overhead costs; 3.3 Case study: xx Commercial Complex ; 3.3.1 Developing an activity-based costing charter ; 3.3.2 Workshop; 3.3.3 Defining cost objects; 3.3.4 Identifying activities; 3.3.5 Assigning resource costs to activities; 3.3.6 Assigning activity costs to cost objects 3.4 Using ABC data for managerial purposes3.4.1 Evaluating management areas with activity analysis; 3.4.2 Evaluating subcontractors; 3.5 Chapter summary; References; Chapter 4 Managing Your General Overhead Costs; 4.1 General overhead costs; 4.2 Managing general overhead costs; 4.2.1 Accurate general overhead allocation; 4.2.2 Providing a process view for process improvements; 4.3 Does current practice for managing general overhead costs work?; 4.3.1 Resource-based costing ; 4.3.2 Volume-based assignment ; 4.4 How can ABC be implemented in managing general overhead costs? 4.4.1 Case study: xx Construction (general contractor)4.5 How can ABC data be used in managing general overhead costs?; 4.5.1 Cost driver analysis; 4.5.2 Profitability analysis for each project; 4.5.3 Profitability analysis for each market sector; 4.5.4 Profitability analysis for each customer; 4.6 Chapter summary; References; Chapter 5 Managing Overhead Costs in a Fabrication Shop; 5.1 Rebar supply system; 5.2 Case study: PQR Construction Inc. ; 5.2.1 The rebar fabrication shop's cost structure; 5.2.2 Allocation of rebar fabrication shop's costs to projects
9781119194682 1119194687 9781119194705 1119194709
Construction industry--Accounting. Activity-based costing. BUSINESS & ECONOMICS / Accounting / Financial Activity-based costing. Construction industry--Accounting.