The importance of cost pools and drivers and their application in the ABC method

The importance of cost pools and drivers and their application in the ABC method

The importance of cost pools and drivers and their application in the ABC method

The importance of cost pools and drivers and their application in the ABC method.

Give an example of activity-based costing methods by creating a fictitious company. Include a cost analysis.

Discuss the 2-3 advantages of the ABC method.

4 pages

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Cost pools and cost drivers

Cost pools and cost drivers are terms used in accounting frequently to refer to costing system. Cost pools are some groups of accounting that helps in allocation of cost of goods allocable to a company or manufacturing industries. Cost driver are any activities or factors that alters the cost of a product or any activity in companies. Costing system should help in reducing expenses thus tools use for allocation of….

APA

1319 words

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