I NEED 2 PARAGRAPHS What is activity-based costing?What is its goal?What company circumstances especially...I NEED...

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Accounting

I NEED 2 PARAGRAPHS
What is activity-based costing?
What is its goal?
What company circumstances especially encourage the use ofactivity-based costing?

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4.5 Ratings (754 Votes)

It is one of the Managerial Accounting Method used for allocating the operating costs Here Costs are distributed based on the activities or processes that are required for an Output Here operating and overhead costs are allocated to products or departments such as planning manufacturing administrative etc which generates costs that are generated during the production See Answer

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In: AccountingI NEED 2 PARAGRAPHS What is activity-based costing?What is its goal?What company circumstances especially...I NEED 2 PARAGRAPHS What is activity-based costing?What is its goal?What company circumstances especially encourage the use ofactivity-based costing?