Find an article about activity-based costing systems. The summary should be approximately 250 words, and the reaction...

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Accounting

Find an article about activity-based costingsystems. The summary should be approximately 250 words,and the reaction should be approximately 150 words. The summaryshould describe the major points of the article, and the reactionshould demonstrate your interpretation of the article and how youcan apply that knowledge. Please provide the link. Do not copywhat's already in Chegg.com.

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ActivityBased Costing The concepts of ABC were developed in the manufacturing sector It is a practice in which activities are identified and all related costs of performing them are calculated providing actual costs chargeable The focus of activity based costing is activities Thus identifying activities is a logical first step in designing an activity based costing An activity is an event task or unit of work with a specified purpose For example designing products setting up machines operating machines and distributing products Stages of Activity Based Costing 1 Identify the chosen cost objects The cost objects of any organization are the products or services and the goal is to first calculate the total cost of manufacturing and distributing these products and their unit cost 2 Identify the different activities within the organization After the identification of cost objects the main activities which are being performed in the organization have to See Answer

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