The ABCs Of Activities Based Costing
- Topics:
- Strategic Management Tools
- Tags:
- ABC Inc.,
- Recruitment & Selection,
- Managerial Accounting,
- Job,
- Human Resources,
- Gardner Publications,
- Finance,
- Activity Based Costing,
- Activity,
- Workforce Management
- Source:
- Gardner Publications
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Overview: From the executive summary: ‘In essence, Activity Based Costing (ABC) is a way to link costs with activities and link activities with the jobs or products that caused the activities. That way, all costs are divided up and directed to the appropriate job or product, not just the costs that are obvious or easy to link. By linking activities with jobs or products, the cost of these activities can be more precisely allocated to the appropriate jobs or products. The underlying concept of ABC is that the jobs, services, or products provided by a shop create activities and those activities create costs.’ The paper examines basic principles and applications of ABC.
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Format: HTML | Date: Sep 2001 | Pages: 1
