Activity based costing is a traditional approach to costing that has focused on analysing cost behaviour.

Name: Activity based costing is a traditional approach to costing that has focused on analysing cost behaviour.
Brand: Quizplus
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Activity-based costing (ABC) is a modern method that assigns costs to products and services based on the activities and resources that go into producing them, rather than traditional costing methods that may allocate costs simply based on volume or direct labor hours.

Activity Based Costing Is a Traditional Approach to Costing That