Understand how activity-based costing provides a useful method of product and service costing, leading to more accurate pricing decisions.
Learning Objectives
Identify areas in business management where it is important to have an appropriate costing of products or services and the problems that inappropriate costings may cause.; Identify how costs will behave at different activity levels.; Identify the appropriate cost classification for different business situations.
Major Topics
Cost Accounting;Direct and Indirect costs;Cost behaviour and cost drivers
