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Cost Accounting
Essay specific features
Written by:
Howard K
Date added:
February 17, 2012
Level:
University
Grade:
A
No of pages / words:
2 / 395
Was viewed:
9948 times
Rating of current essay:
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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