service organization to highlight the suitability, advantages and disadvantages of each costing system
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Advantages and Demerits of Activity Based Costing (ABC)
Accurate Product Cost: ...
Information about Cost Behaviour: ...
Tracing of Activities for the Cost Object: ...
Tracing of Overhead Costs: ...
Better Decision Making: ...
Cost Management: ...
Use of Excess Capacity and Cost Reduction: ...
Benefit to Service Industry:
Elimination of Wastes, Losses and Inefficiencies.
Cost Reduction.
Identify the reasons for Profit or Loss.
Advises on Make or Buy Decision.
Price Fixation.
Cost Control.
Assist the Government.
Help the Trade Union.
Explanation:
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