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Introduction
Traditional costing in modern manufacturing
Why traditional costing is less useful
Production overheads and total absorption cost
Production overhead costs and product volume
Production overhead costs and product
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An ABC standard cost card
The impact of ABC on the standard cost card
Conditions when ABC and traditional system analysis differ
ABC analysis as a long-term technique
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Operation of the ABC system
Steps to the ABC process
Analysis of activities
Exercise
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Calculating activity based costs
The two approaches to managing costs
The activity based approach to managing costs
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Benefits and problems of ABC
Benefits of ABC
Problems in using ABC
Review questions
Summary
Learning outcome
What you must know
Unit synopsis
Syllabus
Glossary
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