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Essay

Cost Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Howard K

 

Date added:

February 17, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 395

 

Was viewed:

9881 times

 

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Essay content:

All of these options require a company to properly and accurately measure costs of products and services to determine true profit margins. Product costs may be measured either based on a traditional cost measurement system or an activity-based cost measurement system. Traditional cost accounting systems exclusively focus on allocation of costs to different products (in some manner, often arbitrary), while Activity-based costing (ABC) involves delving into the cause-effect relationship between activities and costs in the product market process...
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Traditional cost accounting systems exclusively focus on allocation of costs to different products (in some manner, often arbitrary), while Activity-based costing (ABC) involves delving into the cause-effect relationship between activities and costs in the product market process. Obviously, ABC results in a more accurate and more informative picture of the product cost structure...
displayed 300 characters

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