Method and system for determining absorption costing...

Details Method and system for determining absorption costing... Method and system for determining absorption costing...

2006-03-29

2010-11-30

Gart, Matthew S (Department: 3687)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Accounting

C705S028000

Reexamination Certificate

active

07844510

ABSTRACT:
Embodiments of the present invention are directed to a method and system for determining an absorption costing sequence for items in a business operation. More specifically, embodiments provide an efficient mechanism for sequencing items for absorption costing, thereby also improving the efficiency of subsequent absorption costing mechanisms by reducing the number of sequencing operations performed during costing. In one embodiment, an initial hierarchy is created from a bill of materials (BOM) including items for which an absorption cost will be calculated. Thereafter, an iterative method is performed to modify the initial hierarchy and reposition each parent item at a level above all of the children items corresponding to the parent item. An absorption processing sequence for the items is then determined from the modified hierarchy. As such, all items may be efficiently repositioned before absorption costing is performed.

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