What is activity based costing?

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Activity-based costing (ABC) is a methodology for more precisely allocating overhead to those items that actually use it.

Expert answered|davidjhills|Points 1126|

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Asked 11/21/2015 8:47:50 AM

Updated 11/22/2015 9:09:46 PM

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Edited by yumdrea [11/22/2015 9:09:45 PM], Confirmed by yumdrea [11/22/2015 9:09:46 PM]

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what is activity based costing

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Updated 11/21/2015 9:02:29 AM

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jeifunk

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.

Added 11/21/2015 9:02:29 AM

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