Activity-based Costing (ABC)
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Description
A costing method based on activities that is designed to provide managers with cost information for strategic and other decisions that potentially affect capacity and therefore fixed as well as variable costs.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Activity-based costing
Learning Material
Covered in Topic(s)
| Activity-Based Costing: A Tool to Aid Decision Making |