This is an outdated version published on 2024-04-25. Read the most recent version.

Production order costing system management: an empirical study

Authors

DOI:

https://doi.org/10.24054/face.v24i1.2946

Abstract

This work aims to analyze the management of the production order cost system applied to the manufacturing process of aluminum polychloride in the company CYSQUIMICA", located in the city of Cúcuta, Colombia. The research employs a quantitative approach and is developed under a non-experimental transectional type of research. A questionnaire was designed and applied to three employees to describe the production processes and the cost system by process orders. The results show that adjusting the cost system is necessary to improve the production process. It is concluded that updating the cost system will allow managers to make the right management decisions to improve the company's profitability and competitiveness.

Downloads

Download data is not yet available.

References

Andrade-Navia, J. M., Ramírez-Plazas, E., & Fierro-Celis, F. (2023). Quality of home public service in a drinking water, cleaning and sewage company in the south Colombian region. Revista Gestión y Desarrollo Libre, 8(15), 1-14. https://doi.org/10.18041/2539-3669/gestionlibre.15.2023.10096

Arias-Suárez, J. D., & Cano-Mejía, V. (2021). Contabilidad de gestión y regímenes de poder: revisión de la literatura y reflexión crítica sobre los eufemismos de los sistemas de costos en las organizaciones. Innovar, 31(82), 45–64. https://doi.org/10.15446/innovar.v31n82.98427

Ayres, D., & Stanfield, J. (2019). Pulling it all together: ACME trailers, a costing case. Journal of Accounting Education, 46, 72-88. https://doi.org/10.1016/j.jaccedu.2018.12.003

Budiño, G., & Asuaga, C. (2022). Características de las tareas de la práctica profesional contable que pueden ser afectadas por la automatización de procesos: validación de metodología y análisis en un caso de actividad gerencial. Revista Gestión y Desarrollo Libre, 7(14), 1-13. https://doi.org/10.18041/2539-3669/gestionlibre.14.2022.9379

Buys, P., & Nel, H. (2021). Development of an operation-centric costing system: The case of a water-recycling fabrication facility. In P. Buys (Ed.), Designing cost management systems to support business decision-making. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-16-1751-5_2

Daowadueng, P., Hoozée, S., Jorissen, A., & Maussen, S. (2023). Do costing system design choices mediate the link between strategic orientation and cost information usage for decision making and control? Management Accounting Research, 61, 100854. https://doi.org/10.1016/j.mar.2023.100854

Díaz-Ortega, C. H., Maestre-Delgado, M., & Díaz-Ortega, N. I. (2022). Liquidez y endeudamiento de las pymes y microempresas del sector cerámico Norte de Santander. Revista Gestión y Desarrollo Libre, 7(13), 1-11. https://doi.org/10.18041/2539-3669/gestionlibre.13.2022.8785

Drobyazko, S., Pavlova, H., Suhak, T., Kulyk, V., & Khodjimukhamedova, S. (2019). Formation of hybrid costing system accounting model at the enterprise. Academy of Accounting and Financial Studies Journal, 23(6), 1528-2635. https://www.abacademies.org/articles/formation-of-hybrid-costing-system-accounting-model-at-the-enterprise-8796.html

Eslava-Zapata, R., Parra-González, B., & Chacón-Guerrero, E. J. (2022). Gestión de costos de restaurantes: estudio empírico en Cúcuta – Colombia. Revista de la Facultad de Ciencias, Económicas y Empresariales, 22(3), 211-220. https://ojs.unipamplona.edu.co/ojsviceinves/index.php/face/article/view/1457

Eslava-Zapata, R., Chacón-Guerrero, E., & Parra-González, B. (2022). Relación entre los niveles de conocimiento y gestión de los costos de producción de los gerentes del sector gastronómico colombiano. Revista de Investigación, Desarrollo e Innovación, 12(1), 463-472. https://doi.org/10.19053/20278306.v12.n1.2022.14204

Eslava-Zapata, R., Chacón-Guerrero, E., & Gonzalez-Júnior, H. (2019). Costos estándar: aplicabilidad en las empresas del sector productivo. Revista Gestión y Desarrollo Libre, 4(8), 94-107. https://doi.org/10.18041/2539-3669/gestionlibre.8.2019.8122

Fátima, A., & Ali, S. (2023). On economic impact of Industry 4.0: Time-driven activity-based costing system. SAE Mobilus. https://doi.org/10.4271/2023-01-5065

Gunash, N., Magerramova, M., Yusifova, M., Magerramova, S., & Samaya, R. (2024). Economic rationale for calculating enterprise costs using the direct-costing system. WSEAS Transactions on Computer Research, 12, 99-104. https://doi.org/10.37394/232018.2024.12.9

Labro, E. (2019). Costing systems. Foundations and Trends® in Accounting, 13(3-4), 267-404. http://dx.doi.org/10.1561/1400000058

Manosalva-Vargas, L. M., Yalta-Cañote, L. P., & Pérez-Mamani, R. H. (2023). Costos de ventas y rentabilidad de una industria molinera en Cajamarca – Perú. Región Científica, 2(1), 202316. https://doi.org/10.58763/rc202316

Maussen, S., Cardinaels, E., & Hoozée, S. (2024). Costing system design and honesty in managerial reporting: An experimental examination of multi-agent budget and capacity reporting. Accounting, Organizations and Society, 112, 101541. https://doi.org/10.1016/j.aos.2024.101541

Monasterio-Pérez, J., & Rincón-Soto, I. B. (2023). Characterization of fiscal sacrifice and the importance of incorporating its cost in the public budget process: A phenomenological approach. Salud, Ciencia y Tecnología - Serie de Conferencias, 2, 141. https://conferencias.saludcyt.ar/index.php/sctconf/article/view/141

Navarro, E., Mena, A., Otalora, E., Hurtado, K., & Trejos, J. (2023). Implementation of ABC costing systems based on technological platforms as a tool to improve the decision-making process in credit unions. In P. Zaphiris, et al. (Eds.), HCI International 2023 – Late breaking papers. HCII 2023. Lecture Notes in Computer Science, 14060. Springer, Cham. https://doi.org/10.1007/978-3-031-48060-7_36

Pérez-Guedes, N., & Arufe-Padrón, A. (2023). Perspectivas de la transición energética en Latinoamérica en el escenario pospandemia. Región Científica, 2(1), 202334. https://doi.org/10.58763/rc202334

Ruíz-Molina, O. E., & Carnevali-García, J. L. (2021). Valoración a través del flujo de caja descontado empleando el costo promedio ponderado de capital y el valor presente ajustado, en Apple Inc. Revista Gestión y Desarrollo Libre, 6(12). https://doi.org/10.18041/2539-3669/gestionlibre.12.2021.8714

Sánchez-Escalante, J. M. (2021). Estrategias gerenciales para la optimización de los costos en restaurantes gourmet. Revista Gestión y Desarrollo Libre, 6(12). https://doi.org/10.18041/2539-3669/gestionlibre.12.2021.8721

Downloads

Published

2024-04-25 — Updated on 2024-04-25

Versions

How to Cite

Eslava Zapata, R., & Guerrero Cristancho, C. F. (2024). Production order costing system management: an empirical study. FACE: Revista De La Facultad De Ciencias Económicas Y Empresariales, 24(1), 111–123. https://doi.org/10.24054/face.v24i1.2946

Issue

Vol. 24 No. 1 (2024)

Section

Artículos

License

Copyright (c) 2024 FACE: Revista de la Facultad de Ciencias Económicas y Empresariales

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.