Activity-based costing is similar to duration analysis. While duration analysis attempts to find the time taken to complete business processes, activity-based costing finds the costs associated with each of the basic functional steps or processes.

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Activity-based costing and duration analysis are both tools used to analyze business processes, but they focus on different aspects. Duration analysis looks at the time taken to complete processes, while activity-based costing focuses on the costs associated with each step or process.

Activity-Based Costing Is Similar to Duration Analysis