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Expense analysis

Exploring Activity-Based Costing's Role in Expense Allocation

December 14, 2023

What is activity-based costing (ABC) and how is it used in cost accounting?

Activity-Based Costing (ABC) is a method in cost accounting that allocates overhead costs to specific activities or processes based on their consumption of resources. It provides a more accurate cost estimation by identifying cost drivers, aiding in better decision-making and resource allocation.

Tags : Activity-Based Costing , Cost Allocation , Expense Analysis

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