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Accounting Information Systems

10th Edition
Hall + 1 other
Publisher: Cengage Learning,
ISBN: 9781337619202

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BuyFindarrow_forward

Accounting Information Systems

10th Edition
Hall + 1 other
Publisher: Cengage Learning,
ISBN: 9781337619202
Chapter 7, Problem 16DQ
Textbook Problem
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Discuss the advantages of activity-based costing.

To determine

Enlist some of the advantages of activity-based costing.

Explanation of Solution

Activity Based Costing:

The approach of activity based costing keeps the record of resources usage by operating activities and cost incurred for such activities. Managers can take effective and right decision with the help of activity based costing.

Lean manufacturing organizations uses activity based costing technique as it helps them to maximize output by using limited resources in an effective and efficient manner.

The advantages which are offered by activity based costing are enlisted as follows:

  • Determination of cost incurred in the production process more accurately...

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Chapter 7 Solutions

Accounting Information Systems
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