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- Title
Use of Accounting Product-Costing Systems in Making Production Decisions.
- Authors
Turner, Martha J.; Hilton, Ronald W.
- Abstract
The article focuses on the use of accounting product-costing systems in the decision-making process concerning production decisions. It states that the research verifies the choice heuristic and attributes it to three key differences in experimental design: the use of between-subjects design rather than within-subjects design, experimental instructions were simplified, and subjects were provided with more information during the experiment. It mentions that risk attitude was a significant explanatory factor in subjects choosing product-costing systems, and that when cost functions were stochastic, risk-neutral subjects would tend to choose absorption costing as the theory predicted.
- Subjects
PRODUCT costing; DECISION making; INDUSTRIAL productivity; COST accounting; HEURISTIC; ABSORPTION costing; DIRECT costing; EXPERIMENTAL design
- Publication
Journal of Accounting Research (Wiley-Blackwell), 1989, Vol 27, Issue 2, p297
- ISSN
0021-8456
- Publication type
Article
- DOI
10.2307/2491237