Activity Based Costing and Management and Process Costing
Description:
Learn costing and apply various methods depending upon the type of business and products.
Learning Goals:
· Explain why functional (or volume)-based costing approaches may produce distorted costs
· Explain how an activity-based costing system works for product costing
· Describe activity-based customer costing and activity-based supplier costing
· Explain how activity-based management can be used for cost reduction
· Describe the basic characteristics and cost flows associated with process manufacturing
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