ACTIVITY BASED COSTING
Activity-based costing is a method of measuring the cost and performance of activities, products and customers. It is increasingly being seen as a more accurate method of costing than conventional costing systems, which are being superseded by the fact that automation means that direct material and labour consumption is now a far less accurate means of apportioning overheads. This practical book outlines why conventional cost systems fail, before going on to cover the advantages of activity-based costing, and describing how to put the system in place successfully, and how to apply the lessons learnt quickly. The book takes the reader step-by-step through the various processes involved, from setting up the system, through its operation, to evaluation of the results.
- Book | 324 pages
- 149.86 x 226.06 x 27.94mm | 498.95g
- 25 Apr 1996
- Kogan Page Ltd
- London, United Kingdom
Table of contents
Why you need to change your cost system; why activity based costing is the solution; what ABC looks like; how to put ABC to work; how to do it successfully; how to apply the lessons.