Development a new costing structure using time driven activity-based costing for palm oil plantation
Palm oil is one of the world's most traded farming commodities. The Malaysian palm oil industry is without a doubt to the nation's pride. However, there are few problems currently happen in this plantation which are no establishment of time equation to interpret deviation of activities, th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Malaysia Pahang
2021
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| Online Access: | http://umpir.ump.edu.my/id/eprint/30713/ http://umpir.ump.edu.my/id/eprint/30713/7/Development%20a%20new%20costing%20structure%20using%20time%20driven%20activity-based%20costing%20for%20palm%20oil%20plantation.pdf |
| _version_ | 1848823582329667584 |
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| author | Mohd Yazid, Abu Sri Nur Areena, Mohd Zaini |
| author_facet | Mohd Yazid, Abu Sri Nur Areena, Mohd Zaini |
| author_sort | Mohd Yazid, Abu |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | Palm oil is one of the world's most traded farming commodities. The Malaysian palm oil industry is without a doubt to the nation's pride. However, there are few problems currently happen in this plantation which are no establishment of time equation to interpret deviation of activities, the rate
establishment did not properly illustrate the correlation between supplied resources and practical
capacity, and the manager did not have a tool to monitor the unused capacity. The aim of this work is
to develop a new costing structure for a better accuracy specifically at nursery. Time-driven activity based costing (TDABC) was applied because it can effectively measure the time efficiency, accurately
identifies the idle capacity and separately lists the used and unused capacity. It also provides more
comprehensive understanding of practical resources and its associated costs while measuring processes and encouraging quality improvement. The plantation located at Pahang which has three main divisions and this work was focusing on nursery only. This work found that a precise process mapping for nursery was developed to understand their specific sequence which contributes to time equations. Subsequently, the total used capacity and capacity cost rate (CCR) for pre-nursery was successfully developed with 98220 minutes and 0.168 RM/minute respectively. Eventually, the manager can observe that actually the unused capacity was 37515.31 min which can be used to systematically develop the capacity planning on the pre-nursery. |
| first_indexed | 2025-11-15T02:59:25Z |
| format | Article |
| id | ump-30713 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T02:59:25Z |
| publishDate | 2021 |
| publisher | Penerbit Universiti Malaysia Pahang |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-307132021-02-16T08:48:19Z http://umpir.ump.edu.my/id/eprint/30713/ Development a new costing structure using time driven activity-based costing for palm oil plantation Mohd Yazid, Abu Sri Nur Areena, Mohd Zaini TS Manufactures Palm oil is one of the world's most traded farming commodities. The Malaysian palm oil industry is without a doubt to the nation's pride. However, there are few problems currently happen in this plantation which are no establishment of time equation to interpret deviation of activities, the rate establishment did not properly illustrate the correlation between supplied resources and practical capacity, and the manager did not have a tool to monitor the unused capacity. The aim of this work is to develop a new costing structure for a better accuracy specifically at nursery. Time-driven activity based costing (TDABC) was applied because it can effectively measure the time efficiency, accurately identifies the idle capacity and separately lists the used and unused capacity. It also provides more comprehensive understanding of practical resources and its associated costs while measuring processes and encouraging quality improvement. The plantation located at Pahang which has three main divisions and this work was focusing on nursery only. This work found that a precise process mapping for nursery was developed to understand their specific sequence which contributes to time equations. Subsequently, the total used capacity and capacity cost rate (CCR) for pre-nursery was successfully developed with 98220 minutes and 0.168 RM/minute respectively. Eventually, the manager can observe that actually the unused capacity was 37515.31 min which can be used to systematically develop the capacity planning on the pre-nursery. Penerbit Universiti Malaysia Pahang 2021-01 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/30713/7/Development%20a%20new%20costing%20structure%20using%20time%20driven%20activity-based%20costing%20for%20palm%20oil%20plantation.pdf Mohd Yazid, Abu and Sri Nur Areena, Mohd Zaini (2021) Development a new costing structure using time driven activity-based costing for palm oil plantation. International Journal of Engineering Technology And Sciences (IJETS), 7 (1). pp. 11-25. ISSN 2289-679X (Print); 2462-1269 (Online). (Published) https://journal.ump.edu.my/ijets/article/view/4012/1095 http://dx.doi.org/10.15282/ijets.7.1.2020.1002 |
| spellingShingle | TS Manufactures Mohd Yazid, Abu Sri Nur Areena, Mohd Zaini Development a new costing structure using time driven activity-based costing for palm oil plantation |
| title | Development a new costing structure using time driven activity-based costing for palm oil plantation |
| title_full | Development a new costing structure using time driven activity-based costing for palm oil plantation |
| title_fullStr | Development a new costing structure using time driven activity-based costing for palm oil plantation |
| title_full_unstemmed | Development a new costing structure using time driven activity-based costing for palm oil plantation |
| title_short | Development a new costing structure using time driven activity-based costing for palm oil plantation |
| title_sort | development a new costing structure using time driven activity-based costing for palm oil plantation |
| topic | TS Manufactures |
| url | http://umpir.ump.edu.my/id/eprint/30713/ http://umpir.ump.edu.my/id/eprint/30713/ http://umpir.ump.edu.my/id/eprint/30713/ http://umpir.ump.edu.my/id/eprint/30713/7/Development%20a%20new%20costing%20structure%20using%20time%20driven%20activity-based%20costing%20for%20palm%20oil%20plantation.pdf |