ABC AND Traditional based costing

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Arun Iyer (Querist)
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29 July 2010 DEAR ALL

WHAT IS A DIFFERENCE BETWEEN :-

ABC COSTING AND TRADITIONAL BASED COSTING

WITH ONE SMALL EXAMPLE

WITH THANKS
K.ARUNKUMAR

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2010 Activity Based Costing (ABC)

One of the best tools for refining a costing system is activity-based costing. Activity based costing (ABC) systems refine costing systems by focusing on individual activities as the fundamental cost objects. An activity is an event, task, or unit of work with a specified purpose; for example, designing products, setting up machines, operating machines, and distributing products, setting up machines, operating and distributing products. ABC systems calculate the costs of individual activities and assign costs to cost objects such as products and services on the basis of the activities of the activities undertaken to produce each product or service

For further details give me you ID i will mail you an useful file.

Arun Iyer

Arun Iyer (Querist)
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29 July 2010 thank you sir

my mail id : karun.cwa@gmail.com

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2010 Please check your mail.

Arun Iyer

Arun Iyer (Querist)
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29 July 2010 thank you sanjay gi

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Arun Iyer

Arun Iyer (Querist)
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