Time-Driven Activity-Based Costing
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The paper discusses time-driven activity based costing, a brand-new model that is far more cost effective than traditional ABC systems. The paper also discusses how it is also less acurate and is very dependent on managerial estimates.
From the Paper:"Activity-based costing is one of the greatest innovations of managerial accounting. The Activity Based Costing is a managerial costing approach for the local manager to measure the historical cost of resources consumed and output produced at the activity level in order to meet the specific needs of individual managers. ABC traces historical costs resources consumed to activities and then through those activities to products or services provided. It has one serious drawback, however, in that it is..."
Cite this Term Paper:
Time-Driven Activity-Based Costing (2008, December 01) Retrieved March 31, 2020, from https://www.academon.com/term-paper/time-driven-activity-based-costing-125042/
"Time-Driven Activity-Based Costing" 01 December 2008. Web. 31 March. 2020. <https://www.academon.com/term-paper/time-driven-activity-based-costing-125042/>