Activity-based costing (ABC) is a costing methodology that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing. CIMA (Chartered Inst...
Found on
http://en.wikipedia.org/wiki/Activity-based_costing
(from the article `accounting`) A third method of cost finding, activity-based costing, is based on the fact that many costs are driven by factors other than product volume. The ...
Found on
http://www.britannica.com/eb/a-z/a/14
An accounting/business term and method of profitability analysis which calculates and includes all business costs attributable to (used by) a particular business activity (typically a service provision of one sort or another for a given market). Conventional accounting tends not to allocate fixed/indirect costs per activity, which creates risks of ...
Found on
http://www.encyclo.co.uk/local/22643
The identification of activities as a basis for charging overhead costs to products.
Found on
http://www.encyclo.co.uk/visitor-contributions.php
Activity based costing is a managerial accounting method that traces overhead costs to activities and then assigns them to objects. In other words, it?s a way to allocate indirect, overhead costs to products or departments that generate these costs in the production process.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
