A pragmatic approach to product costing based on standard time estimation

摘要

Proposes a pragmatic approach to product costing. The approach involves two stages, namely the preparatory stage and the production stage. In the preparatory stage, standard routings are first extracted from existing products. A generic activity hierarchy is established according to the analysis of standard routings, where cost drivers for each activity are identified and summarized by appropriate Cost-related Design Features(CDFs). Then the Maynard Operation Sequence Technique(MOST)is employed to analyze each operation to induce The relationship between the associated standard time.