Asked by
Anastasia Thompson
on Oct 24, 2024
Verified
Activity based costing is a traditional approach to costing that has focused on analysing cost behaviour.
Activity Based Costing
A costing method that assigns costs to products or services based on the resources they consume and the activities they require.
Cost Behaviour
The way in which a cost changes in relation to changes in business activity levels.
- Gain insight into the procedure for forecasting cost behaviors and understanding the function of cost drivers.
Verified Answer
BC
Learning Objectives
- Gain insight into the procedure for forecasting cost behaviors and understanding the function of cost drivers.