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Activity Based Costing

Course Reviews

Track :

Business

Lessons no : 7

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What will you learn in this course?
  • Identify and analyze activities to accurately allocate overhead costs using activity-based costing techniques
  • Apply activity-based costing steps to determine true product and service costs in diverse business environments
  • Evaluate cost drivers and resource consumption to improve cost management and operational efficiency
  • Implement activity-based management strategies to reduce non-value adding activities and optimize profitability
  • Utilize ABC to enhance pricing decisions, profitability analysis, and strategic planning in organizations
  • Interpret ABC data to make informed decisions on cost control, process improvements, and resource allocation

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  • The Certificate is free !
Lessons | 7


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4.6
10 Reviews
C.Mahaboob Basha CMB

Great platform for developing skills and knowledge in business world. 2025-08-30

Amit Nath

This is the good for basic informative 2025-03-11

Dr.Ghvs Sarma

Informative One 2024-06-14

DEVAM DESAI

Monotonous explanation by the instructor of the course. 2024-03-19

Vanita Sharma

It was a great experience. Especially people having busy schedules alike me have a opportunity to upgrade their skillful and practicle knowledge more easily. 2024-02-23

Meghna Jayachandran P

i gained deep insights through the course 2024-02-17

Adhidhann I A

g 2024-02-16

Godwin Wilson

Awesome 2024-01-03

Nwachukwu chibuzor David

Enlightening!!! 2023-08-31

Pandelani

Easy to understand 2023-07-31

Emmanuel Leipa

Easy to understand! Exciting! 2023-07-15

Rakesh Rana

Great 2023-06-11

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Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore this model assigns more indirect costs (overhead) into direct costs compared to conventional costing.What is the purpose of Activity Based Costing? Activity-based costing provides a more accurate method of product/service costing, leading to more accurate pricing decisions. It increases understanding of overheads and cost drivers; and makes costly and non-value adding activities more visible, allowing managers to reduce or eliminate them.What are the steps in Activity Based Costing? Step 1: Identify the products that are the chosen cost objects. Step 2: Identify the direct costs of the products Step 2: Identify the direct costs of the products. Step 3: Select the activities and cost-allocation bases to use for allocating indirect costs to the products for allocating indirect costs to the products.What are the elements of Activity Based Costing? Activity-Based Management Modeling Components Resources. Resources—such as people, facilities, and costs associated with people and expenses—are the economic elements consumed while performing activities. ... Activities. Activities consume resources and drive costs to cost objects. ... Cost Objects. ... Ledger Mappers. ... Drivers. ... Pointers.