The Concept and Applications of Activity-Based Costing (3237 words, 17 pages)
ACTIVITY-BASED COSTING BEYOND THE SMOKE AND MIRRORSThe business environment in the 1990s is markedly different from thatof the past when conventional cost accounting procedures wereestablished. Activity-based costing (ABC), pioneered in the late1980s, offered a new costing approach consistent with the changedenvironment. However, ABC did not diffuse rapidly into the businesscommunity. ...
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