147866
Description
Mind Map by Shahid Musthafa, updated more than 1 year ago
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Created by Shahid Musthafa
over 11 years ago
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Steps In ABC
Costing
- 1
- 2
- 3
- 4
- Determine how many
units are made in each
incidence of the cost
driver .this is likely to
vary for each unit
- 5
- Work out the Cost
that is absorbed by
the each unit of the
finished product
- Work out the Cost
that is absorbed by
the each unit of the
finished product
- Determine how many
units are made in each
incidence of the cost
driver .this is likely to
vary for each unit
- Work out the
cost incurred
each time the
Activity Occurs.
- 4
- Identify the activity
that causes the cost .In
ABC terminology that
activity is the cost
driver ,but it might be
better to take it as the
"COST CAUSER"
- 3
- Identify a fixed
overhead cost .
- 2
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