INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Activity based costing has been claimed as a method of arriving at more accurate costs, often in order to set selling prices. In a market economy, the idea of selling prices based on costs is dangerous, with serious consequences for a business competitive stance. With the variety of conventions and concepts used in cost determination, there are no absolutes in determining product costs, hence the objective of accurate costs is diluted. However, the technique of ABC is being seen more as a cost-distortion alarm; more as an attention directing tool; more as a cost management tool. Activity Based Costing is a methodology for understanding the activities, processes, services and products of a business; understanding what drives the cost of these activities and processes; and thus reducing the non-value-adding activities/processes.
Keywords:
Activity based costing, management accounting, manufacturing sector, time driven Activity based costing.
Cite Article:
"Activity based on costing", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.4, Issue 8, page no.69 - 72, August-2019, Available :http://www.ijsdr.org/papers/IJSDR1908011.pdf
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000337078
Publication Details:
Published Paper ID: IJSDR1908011
Registration ID:190884
Published In: Volume 4 Issue 8, August-2019
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.21900
Page No: 69 - 72
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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