Activity-Based Costing: A Better Way to Compute Product Cost

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Added on  2022/10/19

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AI Summary
This article discusses activity-based costing, a more accurate and complex form of allocating indirect costs to products based on the quantum of activities required to produce the product. It provides a realistic value of the cost of the product and identifies areas of inefficiency. The article also highlights the advantages of ABC over traditional costing systems and why it should be preferred in the present scenario.

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