Social Sciences, asked by vijayna8833, 1 year ago

Difference between abc and traditional costing method

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Answered by Anonymous

1

➡️➡️➡️➡️Traditional costing is more simplistic and less accurate than ABC, and typically assigns overhead costs to products based on an arbitrary average rate.... ✔✔✔✔This method first assigns indirect costs to activities and then assigns the costs to products based on the products' usage of the activities.

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