Activity Based Costing - Definition

A methodology that measures the cost and performance of cost objects, activities and Resources. Cost objects consume activities and activities consume resources. Resource costs are assigned to activities based on their use of those resources, and Activity costs are reassigned to cost objects (outputs) based on the cost objects' proportional use of those activities. Activity-based costing incorporates causal relationships between cost objects and activities and between activities and resources.

Terms near "Activity Based Costing "

Activity Based Management
Activity Dictionary
Activity Driver
Activity Level
Activity-Based Planning
Actual market
Actuarial assumption
Actuarial equivalent
Actuarial evaluation
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