Benefits and Costs of Activity-Based Costing System Homework Help to Achieve Excellence
Activity-based costing system is an alternate option of absorption costing. This system has both advantages as well as disadvantages. Benefits and costs of activity-based costing system homework help go through this topic in detail.Before we go to the benefits and disadvantages of this system, we will briefly know about the activity-based costing (ABC) system.
What is Activity-based costing (ABC) system?
This accounting methodology identifies the tasks which an organization or firm performs and then to goods indirect costs are assigned. ABC system notices a relationship between activities, products, and costs. This then helps in assigning indirect cost to goods less promptly than traditional approach.
Certain costs are hard to assign using this approach of cost accounting. Indirect costs like salaries drawn by the office staff and management are many times hard to assign to one particular produced goods. This is why this methodology is mainly used in manufacturing sector of a company or business. Benefits and costs of activity-based costing system homework help explore this more to provide more information to students.
Advantages of this Method
Many advantages can be listed when this approach is used. Benefits and costs of activity-based costing system assignment help describe all the advantages.Some are given below:
Though there so many advantages to this approach, there are certain disadvantages too:
Benefits and costs of activity-based costing system assignment help present the disadvantages in detail for creating a better assignment.
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