Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing

With a continuous innovation of Electrical & Electronic (E&E) industry, the magnetic component gets increasing demand from customer and their target in production is 5000 units in one shift. Hence, to fix a product cost and to achieve the target finished product are the case study on E&E...

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Main Authors:	Nik Nurharyantie, Nik Mohd Kamil, Mohd Yazid, Abu, Nurul Farahin, Zamrud, Filzah Lina, Mohd Safeiee
Format:	Conference or Workshop Item
Language:	English
Published:	Springer 2020
Subjects:	TS Manufactures
Online Access:	http://umpir.ump.edu.my/id/eprint/26237/ http://umpir.ump.edu.my/id/eprint/26237/ http://umpir.ump.edu.my/id/eprint/26237/1/Analysis%20of%20Magnetic%20Component%20Manufacturing%20Cost%20Through1.pdf

id	ump-26237
recordtype	eprints
spelling	ump-262372019-10-30T03:13:53Z http://umpir.ump.edu.my/id/eprint/26237/ Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing Nik Nurharyantie, Nik Mohd Kamil Mohd Yazid, Abu Nurul Farahin, Zamrud Filzah Lina, Mohd Safeiee TS Manufactures With a continuous innovation of Electrical & Electronic (E&E) industry, the magnetic component gets increasing demand from customer and their target in production is 5000 units in one shift. Hence, to fix a product cost and to achieve the target finished product are the case study on E&E industry. In other words, the company’s product cost is calculated using traditional cost accounting based on volume product of magnetic component. This cost is unable to record accurately the changes of resources used to manufacture the product. The aim of this work to analyze the manufacturing cost of magnetic component incurred on production of E&E industry and time for good by Time-Driven Activity-Based Costing system (TDABC). In methodology, TDABC will be developed by using seven stages which are identify resources group and service processes of all activity and sub-activity, estimate cost of all resources supplied, estimate practical capacity, calculate capacity cost rates, develop time equation, determine time estimates for each sub-activity, and estimate capacity cost required. By having the analysis, loss manufacturing cost winding toroid core can be identified at −MYR2967504.12 and identifying of unused capacity (−889200.12 min) is capable to improve the time efficiency. Springer 2020 Conference or Workshop Item PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/26237/1/Analysis%20of%20Magnetic%20Component%20Manufacturing%20Cost%20Through1.pdf Nik Nurharyantie, Nik Mohd Kamil and Mohd Yazid, Abu and Nurul Farahin, Zamrud and Filzah Lina, Mohd Safeiee (2020) Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing. In: iMEC-APCOMS 2019: Proceedings of the 4th International Manufacturing Engineering Conference and The 5th Asia Pacific Conference on Manufacturing Systems, 21-22 August 2019 , Putrajaya, Malaysia. pp. 74-80.. ISBN 978-981-15-0950-6 https://doi.org/10.1007/978-981-15-0950-6_12
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	TS Manufactures
spellingShingle	TS Manufactures Nik Nurharyantie, Nik Mohd Kamil Mohd Yazid, Abu Nurul Farahin, Zamrud Filzah Lina, Mohd Safeiee Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing
description	With a continuous innovation of Electrical & Electronic (E&E) industry, the magnetic component gets increasing demand from customer and their target in production is 5000 units in one shift. Hence, to fix a product cost and to achieve the target finished product are the case study on E&E industry. In other words, the company’s product cost is calculated using traditional cost accounting based on volume product of magnetic component. This cost is unable to record accurately the changes of resources used to manufacture the product. The aim of this work to analyze the manufacturing cost of magnetic component incurred on production of E&E industry and time for good by Time-Driven Activity-Based Costing system (TDABC). In methodology, TDABC will be developed by using seven stages which are identify resources group and service processes of all activity and sub-activity, estimate cost of all resources supplied, estimate practical capacity, calculate capacity cost rates, develop time equation, determine time estimates for each sub-activity, and estimate capacity cost required. By having the analysis, loss manufacturing cost winding toroid core can be identified at −MYR2967504.12 and identifying of unused capacity (−889200.12 min) is capable to improve the time efficiency.
format	Conference or Workshop Item
author	Nik Nurharyantie, Nik Mohd Kamil Mohd Yazid, Abu Nurul Farahin, Zamrud Filzah Lina, Mohd Safeiee
author_facet	Nik Nurharyantie, Nik Mohd Kamil Mohd Yazid, Abu Nurul Farahin, Zamrud Filzah Lina, Mohd Safeiee
author_sort	Nik Nurharyantie, Nik Mohd Kamil
title	Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing
title_short	Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing
title_full	Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing
title_fullStr	Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing
title_full_unstemmed	Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing
title_sort	analysis of magnetic component manufacturing cost through the application of time-driven activity-based costing
publisher	Springer
publishDate	2020
url	http://umpir.ump.edu.my/id/eprint/26237/ http://umpir.ump.edu.my/id/eprint/26237/ http://umpir.ump.edu.my/id/eprint/26237/1/Analysis%20of%20Magnetic%20Component%20Manufacturing%20Cost%20Through1.pdf
first_indexed	2023-09-18T22:40:44Z
last_indexed	2023-09-18T22:40:44Z
_version_	1777416897493467136

Analysis of Magnetic Component Manufacturing Cost Through the Application of Time-Driven Activity-Based Costing

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