Productivity and profitability of process industry using TDABC: a case study

Ashwin B. Ganorkar, Ramesh R. Lakhe and Kamalkishor N. Agrawal

International Journal of Process Management and Benchmarking, 2020, vol. 10, issue 2, 240-260

Abstract: The global competition in the international market is forcing industries to increase the productivity and profitability. Time driven activity based costing (TDABC) is a newly developed approach in the field of cost accounting. Companies are more interested in increasing productivity and profitability rather than assigning the cost on the product. This paper presents an approach to estimate the cost of process industry using TDABC and how it is useful in increasing productivity and profitability. The approach is explained with the help of a case study in the process industry. The results indicate that TDABC provides useful information for identifying the areas for improving the productivity of the industry and its effect on profitability. This paper also discusses how TDABC helps in taking the decisions for improving productivity and profitability.

Keywords: TDABC; process industry; productivity; profitability. (search for similar items in EconPapers)
Date: 2020
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