In this essay we will discuss about:- 1. Meaning of Activity Based Costing (ABC) 2. ABC Proper 3. ABC Objectives 4. ABC System Procedure 5. Cost Reduction through ABC 6. ABC and Management. Contents: Essay on the Meaning of Activity Based Costing (ABC) Essay on ABC Proper Essay on ABC Objectives Essay on ABC System Procedure Essay on Cost Reduction [...]
In this essay we will discuss about:- 1. Meaning of Target Costing 2. Objective of Target Costing 3. Methodology 4. Steps 5. Implementation 6. Legends 7. Managerial Challenges. Essay on Target Costing Essay Contents: Essay on the Meaning and Objective of Target Costing Essay on the Target Costing Methodology Essay on the Steps in Target Costing Essay on the Implementing [...]
In this article we will discuss about the relevant cost information provided by activity based costing system for analytical approaches. The activity-based analytical approaches to a cost reduction programme include: (1) Activity mapping, (2) Value-chain analysis, and (3) Analysis of core/support/diversionary activities. The successful implementation of these approaches needs micro cost information. The traditional cost systems based on over simplistic [...]