Using material flow cost accounting method to cost rationalization : applied study
Other Title(s)
استخدام أسلوب محاسبة تكاليف تدفق المواد لترشيد التكلفة : دراسة تطبيقية
Author
al-Shabasi, Muhi Sami Muhammad
Source
Scientific Journal of Research Business Studies
Issue
Vol. 36, Issue 1 (sp) (31 Mar. 2022), pp.67-124, 58 p.
Publisher
Helwan University Faculty of Commerce and Business Administration
Publication Date
2022-03-31
Country of Publication
Egypt
No. of Pages
58
Main Subjects
Topics
Abstract EN
The Purpose of The Research is: to use Material Flow Cost Accounting Method to measure and rationalize the cost through Applying it to the Misr Oil and Soap Company, for the Edible Oil manufacturing activity only for the year ending on 30/6/2021.
Design/Methodology/Approach/Results: The research is based on the deductive and inductive method, and conducting an applied study On the Misr Oil and Soap Company Using material flow cost accounting method (MFCA), and the researcher reached the validity of Research hypotheses, And The total costs under the current costing system of sunflower oil amounted to 29, 763, 081 EGP while it amounted to 29, 107, 640 EGP under MFCA a decrease of 655, 441 EGP, As for cottonseed Oil, the total costs of amounted to 8, 449, 540 EGP under the current costing system, under MFCA 8, 263, 254 EGP, a decrease of 186, 286 EGP, as for the Mixed oil, the total costs amounted to 1, 354, 434, 680 EGP under the current cost accounting system, while under MFCA, it amounted to 1, 320, 800, 171 EGP a decrease of 33, 634, 509 EGP, as well The Gross profit for edible oils under the current cost accounting system amounted to 93, 207, 103 EGP while it amounted to 127, 683, 339 EGP a difference of 34, 476, 236 EGP, while the net profit amounted 2, 756, 419 EGP.
And other results confirm that the proposed method contributes to rationalizing cost and improving the environment, leading to increased profitability.
Originality/Value: To provide a scientific addition in the field of Costing and managerial accounting through using the method of material flow cost accounting (MFCA) in Cost rationalization and Protecting the Environment.
American Psychological Association (APA)
al-Shabasi, Muhi Sami Muhammad. 2022. Using material flow cost accounting method to cost rationalization : applied study. Scientific Journal of Research Business Studies،Vol. 36, no. 1 (sp), pp.67-124.
https://search.emarefa.net/detail/BIM-1391687
Modern Language Association (MLA)
al-Shabasi, Muhi Sami Muhammad. Using material flow cost accounting method to cost rationalization : applied study. Scientific Journal of Research Business Studies Vol. 36, no. 1 (Special issue) (2022), pp.67-124.
https://search.emarefa.net/detail/BIM-1391687
American Medical Association (AMA)
al-Shabasi, Muhi Sami Muhammad. Using material flow cost accounting method to cost rationalization : applied study. Scientific Journal of Research Business Studies. 2022. Vol. 36, no. 1 (sp), pp.67-124.
https://search.emarefa.net/detail/BIM-1391687
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1391687