×
MindLuster Logo
Join Our Telegram Channel Now to Get Any New Free Courses : Click Here

Activity Based Costing with full length example

Share your inquiries now with community members Click Here
Sign Up and Get Free Certificate
Sign up Now

Lessons List | 7 Lesson

Comments

Our New Certified Courses Will Reach You in Our Telegram Channel
Join Our Telegram Channels to Get Best Free Courses

Join Now

We Appreciate Your Feedback

Excellent
7 Reviews
Good
2 Reviews
medium
1 Reviews
Acceptable
0 Reviews
Not Good
0 Reviews

4.6

10 Reviews


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

Show More Reviews

Course Description

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.