Application of activity-based costing system in gold jewelerymanagement

The study examines the applicability of the activity-based costing (ABC) system in the field of gold jewelry business and its comparison with the traditional costing system. The jewelry sector constitutes an important economic activity area using both traditional and modern production and design methods. The study examines how effective cost management can be developed in this sector. The main purpose of the study is to present findings that will guide the cost calculation and management strategies of jewelry companies by revealing the advantages and disadvantages of the traditional costing system and the ABC system. The study includes theoretical information and application-oriented analyses. In addition to the literature review, the application of the ABC system was measured through sector examples. The differences between traditional costing and ABC were evaluated through the way costs are allocated to products. The traditional costing system is based on the distribution of general production expenses with fixed rates, but this method often fails to reflect the real cost structure. The ABC system provides a more precise cost calculation by basing it on the cost drivers of activities and offers a significant advantage especially in multi-stage production processes. The FTM application has improved decision-making processes by ensuring transparent and accurate distribution of costs. The activity-based costing system is an effective tool for increasing the competitiveness of jewelry businesses. In the literature, it is seen that the FTM system is not applied in gold jewelry businesses. However, it is seen that there are many studies in other manufacturing businesses. This system enables more efficient use of resources and accurate calculation of product costs. However, companies need to provide the necessary technical infrastructure and expertise for the implementation of the system.