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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?

Answer & Explanation Solved by verified expert
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?

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