Determining optimal product mix is very important to increase the profitability of firms although the traditional methods are inadequate in these decisions New techniques which have been developed for this purpose can create more profitable solutions Although theory of constraints seems similar to the traditional variable costing it differs in recognizing only the material cost as variable Optimal product mix decision which is determined by concentrating on theory of constraint’s throughput approach can provide more profitable solutions than traditional methods On the other hand with activity based costing which provides more accurate product costs than those of traditional methods profitable product mix can be determined by concentrating on resource usage Moreover using activity based costing and theory of constraints together in the optimal product mix decisions firms can acquire higher profits The aim of this study is to emphasize the importance of the optimal product mix decisions to increase firms’ profit and expose the importance of integrating activity based costing and theory of constraints in making rational and profitable product mix decisions Key Words: Activity Based Costing Theory of Constraints Optimal Product Mix
📌 3 Key Takeaways
🎯
Objective & Hypothesis:Determining optimal product mix is very important to increase the profitability of firms although the traditional methods are inadequate in these decisions New techniques which have been developed for this purpose can create more profitable solutions Although theory of constraints seems similar to the traditional variable costing it differs in recognizing only the material cost as variable Optimal product mix decision which is determined by concentrating on theory of constraint’s throughput approach can provide more profitable solutions than traditional methods On the other hand with activity based costing which provides more accurate product costs than those of traditional methods profitable product mix can be determined by concentrating on resource usage Moreover using activity based costing and theory of constraints together in the optimal product mix decisions firms can acquire higher profits The aim of this study is to emphasize the importance of the optimal product mix decisions to increase firms’ profit and expose the importance of integrating activity based costing and theory of constraints in making rational and profitable product mix decisions Key Words: Activity Based Costing Theory of Constraints Optimal Product Mix
📊
Key Findings & Data:Determining optimal product mix is very important to increase the profitability of firms although the traditional methods are inadequate in these decisions New techniques which have been developed for this purpose can create more profitable solutions Although theory of constraints seems similar to the traditional variable costing it differs in recognizing only the material cost as variable Optimal product mix decision which is determined by concentrating on theory of constraint’s throughput approach can provide more profitable solutions than traditional methods On the other hand with activity based costing which provides more accurate product costs than those of traditional methods profitable product mix can be determined by concentrating on resource usage Moreover using activity based costing and theory of constraints together in the optimal product mix decisions firms can acquire higher profits The aim of this study is to emphasize the importance of the optimal product mix decisions to increase firms’ profit and expose the importance of integrating activity based costing and theory of constraints in making rational and profitable product mix decisions Key Words: Activity Based Costing Theory of Constraints Optimal Product Mix
💡
Conclusion & Impact:Determining optimal product mix is very important to increase the profitability of firms although the traditional methods are inadequate in these decisions New techniques which have been developed for this purpose can create more profitable solutions Although theory of constraints seems similar to the traditional variable costing it differs in recognizing only the material cost as variable Optimal product mix decision which is determined by concentrating on theory of constraint’s throughput approach can provide more profitable solutions than traditional methods On the other hand with activity based costing which provides more accurate product costs than those of traditional methods profitable product mix can be determined by concentrating on resource usage Moreover using activity based costing and theory of constraints together in the optimal product mix decisions firms can acquire higher profits The aim of this study is to emphasize the importance of the optimal product mix decisions to increase firms’ profit and expose the importance of integrating activity based costing and theory of constraints in making rational and profitable product mix decisions Key Words: Activity Based Costing Theory of Constraints Optimal Product Mix
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Anahtar Kelimeler Faaliyete Dayalı Maliyet Sistemi · Kısıtlar Teorisi · Optimal Ürün Karması
Abstract
Determining optimal product mix is very important to increase the profitability of firms although the traditional methods are inadequate in these decisions New techniques which have been developed for this purpose can create more profitable solutions Although theory of constraints seems similar to the traditional variable costing it differs in recognizing only the material cost as variable Optimal product mix decision which is determined by concentrating on theory of constraint’s throughput approach can provide more profitable solutions than traditional methods On the other hand with activity based costing which provides more accurate product costs than those of traditional methods profitable product mix can be determined by concentrating on resource usage Moreover using activity based costing and theory of constraints together in the optimal product mix decisions firms can acquire higher profits The aim of this study is to emphasize the importance of the optimal product mix decisions to increase firms’ profit and expose the importance of integrating activity based costing and theory of constraints in making rational and profitable product mix decisions Key Words: Activity Based Costing Theory of Constraints Optimal Product Mix
Özet
Optimal ürün karması belirleme, firma kârlılığın arttırılmasında oldukça büyük önem taşımaktadır ancak geleneksel yöntemler optimal ürün karması belirlemede yetersiz kalmaktadır. Bu amaçla yeni geliştirilen teknikler daha kârlı sonuçlar sağlayabilmektedir. Kısıtlar teorisi geleneksel yöntemlerden değişken maliyet sistemine benzemekte, ancak tek değişken gider olarak hammadde maliyetini dikkate almaktadır. Bu şekilde belirlenen süreç katkısı (throughput) değeriyle alınan ürün karması kararları daha kârlı sonuçlar sağlayabilmektedir. Ayrıca geleneksel yöntemlere göre daha doğru ürün maliyeti belirlemeyi sağlayan faaliyete dayalı maliyet sistemine göre kaynak kullanımlarının dikkate alınmasıyla kârlı sonuçlar sağlayan ürün karmaları belirlenebilmektedir. Ancak optimal ürün karması belirlemede kısıtlar teorisi ve faaliyete dayalı maliyet sisteminin birlikte kullanılmasıyla daha yüksek kârlar elde edilebilmektedir. Bu çalışmada firmaların kârlılıklarını arttırabilmek için ürün karması kararlarının önemini vurgulayarak, doğru ürün karması kararları alabilmede kısıtlar teorisi ve faaliyete dayalı maliyet sistemi entegrasyonunun önemini ortaya koymak amaçlanmıştır.
ÜNAL, A. G. D. E. N., DEMİRCİOĞLU, A. G. M., KÜÇÜKSAVAŞ, P. (2006). Optimal Ürün Karması Belirlemede Faaliyete Dayalı Maliyet Sistemi Ve Kısıtlar Teorisi. Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Cilt: 15 - Sayı: 2, 327–343. https://ajindex.com/articles/74081
ATWATER, B. & Gagne M. L. (1997). The Theory of Constraints versus Contribution Analysis for Product Mix Decisions. Journal of Cost Management, Vol. 11, Issue 1, January/February. BALDERSTONE, Steven J., Victoria J. Mabin (2004), “A Review of Goldratt’s Theory of Constraints (TOC)- Lessons From the International Literature”. BLACKSTONE, John H., Jr. ( 2001), “Theory of Constraints – A status Report”, International Journal of Production Research, Vol.39, No. 6, p. 1053-1080.
BLOCHER, Edward J., Kurg H. Chen, Thomas W.Lin (1999) Cost Management:A Strategic Emphasis, First Edition, Irwin/McGrawHill, USA. CONSTANTINIDES, Kim, John K. Shank (1994), “Matching Accounting To Strategy: One Mill’s Experience”, Management Accounting, September, p. 32-36.
COOPER, Robin, Robert S. Kaplan (1991), “Profit Priorities from Activity-Based Costing”, Harvard Business Review, May-June 1991.
COOPER, Robin, Robert S. Kaplan (1988), “How Cost Accounting Distorts Product Cost”, Management Accounting, April 1988.
CORBETT, Thomas (1999), “Making Better Decisions”, CMA Management, Nov., Vol. 73, Issue 9, p. 33-37.
DAVIS, Bobby (2002/2003), “Performance Based Costing” The DISAM Journal, p.118. FERGUSON, Lisa A. (2002), “ An Analysis of JIT Using The Theory of Constraints (TOC)”, Decision Sciences Institute 2002 Annual Meeting Proceedings, p. 1739-1744.
FU, Anabella (2000), “Theory of Constraints and Activity-Based Costing”, Business Review, Vol.2, Number 2, p. 66-74.
GARDİNER Stanley C., John H. Blackstone Jr., Lorraine R. Gardiner (1994), “The Evolution of The Theory of Constraints”, IM, May/June 1994.
GOLDRATT, Eliyahu M. ve Robert E. FOX (1986),
The Race, First Edition,
North River Press,
Inc., USA. HALL, Robert, Nicholas P. Galambos (1997), “Constraint-Based Profitability Analysis: Stepping Beyond The Theory of Constraints”, Journal of Cost Management, Vol.11, ıssue 4, Jul/Aug, p. 6-10.
HUFF, Patricia (2001), “Using Drum-Buffer-Rope Scheduling Rather Than Just-In- Time Production”, Management Accounting Quarterly, Winter 2001. IMA (Institute of Management Accountants), Arthur Andersen LLP (June 1999), Statements on Management Accounting: Theory of Constraints (TOC) Management System Fundamentals, IMA, Montvale. KEE, Robert, Charles Schmidt (2000), “A Comparative Analysis of Utilizing Activity- Based Costing and The Theory of Constraints For Making Product-Mix Decisions, International Journal of Production Economics 63, p.1-17.
KEE Robert (1995), “Integrating Activity-Based Costing