Explain activity-based costing. Choose two (2) manufacturing companies and explain why these companies would benefit from...

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Accounting

Explain activity-based costing. Choose two (2) manufacturingcompanies and explain why these companies would benefit from usingan activity based costing system.

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ACTIVITY BASED COSTING The activity based costing ABC is a costing system which focuses on activities performed to produce products ABC is that costing in which costs are traced to activities and then to products This costing system assumes that activities are responsible for the incurrence of costs and create the demands for activities Egan accounting firm prepares tax returnsa University teaches students DEFINTIONS OF ACTIVITY BASED COSTING CIMA defines ACTIVITY BASED COSTING AS FOLLOWS Cost attribution to cost units on the basis of benefit received from indirect activities eg orderingsetting upassuring quality ABC has also been See Answer

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Explain activity-based costing. Choose two (2) manufacturing companies and explain why these companies would benefit from...

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Verified Solution

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Accounting

Explain activity-based costing. Choose two (2) manufacturingcompanies and explain why these companies would benefit from usingan activity based costing system.

Answer & Explanation Solved by verified expert

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