Research On Application Of The Activity Based Costing In Z Hotel Cost Control

With the gradual development of China's economy,the growth of the population base and the improvement of people's living standards,the hotel industry has also became increasingly prosperous.The status of the hotel industry in China's national life is gradually increasing,and it also has an important role in improving the quality of people's lives and the development of the national economy.However,as the hotel industry continues to grow and develop,it is also undergoing many challenges,such as the slowdown in economic growth in recent years,rising consumer demand for hotel services,the gradual saturation of the hotel industry market,and rising raw material costs.At this time,the hotel operators also need to “introspect” when dealing with external challenges.How to better conduct internal management of the company,especially how to control costs to increase profits.With the introduction of this problem,more and more managers have realized that traditional cost accounting methods can no longer meet the needs of enterprises.Because of this,the ABC has been praised by operators for its accurate cost allocation and effective cost management.At present,the operating cost method abroad has been widely used.The study and application of the ABC in China has also accelerated the process.As a four-star foreign-related business hotel,Z Hotel has developed for nearly 20 years.Faced with increasingly severe external circumstances and competitive pressures,Z Hotel's managers are also seeking a new type of cost control.In this way,business executives are also seeking breakthroughs and want to know which product costs can be reduced and profits can be increased.Obviously,Z Hotel should seek a more accurate cost accounting and more effective cost control methods.For the application of activity-based costing in Z hotel cost control,the essence of the study is to analyze the current cost accounting methods and cost control methods of Z Hotel.Combining relevant academic theories at home and abroad,combined with the Z hotel's own situation,the ABC is applied to it to make the cost allocation more accurate and the cost accounting more scientific,so as to better control the cost and improve the competitiveness of Z Hotel.After the design,the Z Hotel Operational Cost System consists of three operation centers,fifteen operation libraries,and seven resource pools.These factors are combined with resource drivers and job drivers to ultimately allocate cost objects.This series of elements constitutes the Z Hotel.Operational cost system.This design features easy-to-understand,logical clarity and easy access to data.Operational cost control can play a role in optimization and improvement of Z hotelprocesses,analysis of product profitability,and cost forecasting based on operations and demand.