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When talking about activity based costing, let us first see what this subject is all about. It can be defined as a methodology in an organization through which it identifies each activity and assigns cost to each activity based on the resources that are used in manufacturing and consumption of goods and services. In other words it can also be said to be an approach to monitoring and costing of each activity and its final output.
It is not necessary that this subject may seem to be easy for each and every student because the overall topic does not end up in just two lines. It has various applications, methodology, limitations, advantages and aims. To study about all this a student may definitely need activity based costing assignment help.
Activity based costing is basically that aspect of Accounting which systematically organizes, the activities performed in every firm. What it also involves is finding out the pattern of the costs being incurred to every activity to make an assumption of the probable costs of the future. This way, the Activity based costing comes to the forefront.
Activity based costing might give out the idea of being simple but it is anything but. This is because truly identifying the pattern of costing is in itself a difficult task and then comes the aspect of it being a studied assumption. For students who need to deal with Activity based costing, Activity Based costing homework help is sure to be of great help especially if it is from us.
As said earlier there are several aims of activity based costing. Few of them are discussed below for better understanding of students.
While talking about the methodology, it can be said that it basically segregates the overall cost into fixed cost, variable cost and overhead cost for the better understanding and decision making within an organization. However, there also exist some limitations of activity based costing which cannot be ignored as they seem to be very important:
Activity Based costing is extremely important especially in the industries which manufacture products. This is because in such industries, calculating the probable cost is extremely important as it is this calculation which will be kept aside as the manufacturing costs. To understand this and more about Activity Based costing, you must seek Activity Based costing Assignment help from us.
Businesses run on assumptions and analysis. If you are an aspiring Entrepreneur and wish to know how the costing aspect of business works, you must learn to apply Activity Based Costing. For that to happen, you must be thorough with the chapter and seek Activity Based costing homework help and Activity Based costing assignment help whenever necessary.
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