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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Price and Product-Mix Decisions Under Different Cost Systems

Price and Product-Mix Decisions Under Different Cost Systems

Plank, Philipp

Paperback

Series: Quantitatives Controlling

AccountingBusiness General

ISBN10: 3658193204
ISBN13: 9783658193201
Publisher: Springer Gabler
Published: Sep 8 2017
Pages: 132
Weight: 0.44
Height: 0.34 Width: 5.83 Depth: 8.27
Language: English
Philipp Plank analyses the question, what drives the quality of cost-systems and is the quality of cost-systems directly and at best positively related to the firms' performance. In other words, is it worth investing in complex cost allocation systems or are there environmental and/or production settings in which less enhanced systems perform adequately. Using simulations, a benchmark firm (first-best solution) perfectly allocating cost to products is compared to firms implementing heuristic cost-allocation schemes (second-best solution) to identify the profit gap resulting from decisions based on limited information. Into this discussion, the idea of cost-stickiness is integrated, thereby indicating a new planning approach.

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