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Kenco Engineering Corporation : strategy-driven costing and lean management / James T. Mackey, H. David Brecht, Vernon Hughes.
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View online- Format:
- Book
- Author/Creator:
- Mackey, James T., author.
- Brecht, H. David, author.
- Hughes, Vernon, author.
- Series:
- SAGE Knowledge. Cases.
- SAGE Knowledge. Cases
- Language:
- English
- Subjects (All):
- Cost accounting--Case studies.
- Cost accounting.
- Managerial accounting--Case studies.
- Managerial accounting.
- Kenco Engineering Corporation--Case studies.
- Kenco Engineering Corporation.
- Genre:
- Case studies.
- Physical Description:
- 1 online resource : illustrations.
- Place of Publication:
- London : SAGE Publications Ltd, 2017.
- System Details:
- text file
- Summary:
- This case illustrates a strategy-driven costing system combining ideas from lean management and the Theory of Constraints (TOC) to align performance measures and continuous improvement (CI) decisions with strategy. The primary theme is that a costing system can be integrated with and used to promote an organization's strategies to maintain competitive advantage. This case demonstrates that cost accounting can be more than a full-cost allocation scheme. It can encourage adaptation in an unstable environment, for example, as Kenco uses accounting data to manage continuous improvement. A distinguishing feature of this case is the use of strategic cost drivers as more representative of cause and effect (investments in fixed costs) than operational activities that may only indirectly influence capacity costs. Where time is a problem, or students lack sufficient exposure, the instructor has presented some of the earlier questions as a lecture. Where preparation has been sufficient, the order of the questions is suggestive.
- Notes:
- Originally Published InMackey, J. T., Brecht, H. D., & Hughes, V. (2010). Kenco Engineering Corporation: Strategy-driven costing and lean management. IMA Education Case Journal, 3(2), Article 2.
- Includes bibliographical references and index.
- No ILL or scholarly sharing allowed.
- Description based on XML content.
- ISBN:
- 9781526427977
- OCLC:
- 1017714718
- Access Restriction:
- Restricted for use by site license.
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