what is the use of activity based costing, process costing,
product costing, what are the steps followed for the same



what is the use of activity based costing, process costing, product costing, what are the steps fo..

Answer / amit kapoor

Activity based costing (ABC) is a more sophisticated and
logical way to allocate a company’s costs to its products
(or other objects) than traditional costing. (Traditional
costing might allocate all of the overhead costs solely on
the basis of machine hours.) Activity based costing
identifies the many activities that actually cause the
company to consume resources. Next, it calculates the cost
of each of the activities. Then it assigns each activity’s
cost only to the products that actually use the activities.
Obviously this is important when some products require few
activities, and other products require many activities.

Is This Answer Correct ?    4 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

expalin Revenue and profit

2 Answers  


with out college degree con't we dc accounting job?

0 Answers  


What is NPV? What is IRR? What is the difference between NPV and IRR method? Which and why among NPV and IRR do you think is more appropriate technique in capital budgeting?

3 Answers   Christ University, College School Exams Tests, Deloitte,


Please help in payroll accounting in tally 9.0, by all means and all things in it (Ex:creation of pay heads, employyes groups, etc and other things which are necessary for payroll accounting).

5 Answers   ABC, Accounting, Aplomb, Infowaves, NIIT, Veekshanam, Wipro,


what is meant by banking securities? how they works?please explain thoroughly.

1 Answers  






Sold goods worth Rs 75000/- inexchange of old furniture worth Rs 15000/- and balance in cash. Pass entr for it

1 Answers  


expand P R C

2 Answers  


MY COMPANEY PROVIDE SERVICES OTHER PARTY BUT OTHER PARTY DEDUCTED TDS SO PASS ENTRY IN A/C

1 Answers  


what is zero balance clearing a/c. why we r maintaining this a/c in sap fico

4 Answers   Reliance,


Define Salry for the following purpose 1.To calculate HRA

0 Answers  


what type of account appear on a post closing trial balance? a) income statement accounts b) balance sheet accounts c) cash flow accounts d) temporary owner's equity accounts

1 Answers  


explain how the accounting concept of prudence is observed when a business provides for the depreciation of its non current assets

1 Answers  


Categories