Discussion 3 - In 200 words or more explain how...

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In 200 words or more, explain how activity-based costing can be used at your employer or a previous position you've held. Also, respond in 100 words or more to two additional postings or more this week. Activity-based costing (ABC) is a method of assigning costs that calculates a more accurate product cost than traditional methods. It does so by categorizing all indirect costs by activity, tracing the indirect costs to those activities, and assigning those costs to products using a cost driver related to the cause of the cost. Activity-based costing is an important tool of activity-based management because it improves the allocation of activity-driven costs to cost objects. To implement activity-based costing, managers 1. Identify and classify each activity. 2. Estimate the cost of resources for each activity. 3. Identify a cost driver for each activity and estimate the quantity of each cost driver. 4. Calculate an activity cost rate for each activity. 5. Assign costs to cost objects based on the level of activity required to make the product or provide the service. Activity-based costing (ABC) is a method of assigning costs that calculates a more accurate product cost
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Discussion 3 - In 200 words or more explain how...

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