Drivers still Right?

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Activity Based Costing Knowledge Center

Best Practices 22 Manwel, Lebanon Drivers still Right? ABC is one of the most recent developed evolutions in costing. It has a big impact in allocating the cost to the right object... But still the question is: to what extent are the drivers right and effective? Does ABC require ongoing update of drivers? X Welcome to the Activity Based Costing best practices. The topic being discussed here is: "Drivers still Right?". Sign up now to gain access. It's free.   Comments Sort by date Sort by rating Rating   0 Maggie, China   Activity Based Costing Limitation Cost drivers are not easy to define and obtain.   2 Rajendra Patil Consultant, India   Definition of Drivers Generally people use the term 'accuracy' for both the ‘driver’ and the ‘driver data’ interchangeably. It may not be the case here though. I would suggest that the definition of resource and activity drivers (ref. cam-i cross) must be very accurate. The corresponding data does not have to be so accurate initially. This accuracy of the data can be increased in the future (if required). But if the driver definition is inaccurate, then even if the driver data is accurate, the calculations would still be useless.. A cost driver (by cam-i cross definition) is a reason for the activity to have costs. For example: Activity - assemble product Cost driver: - # of parts to assemble - design of the product - quality of the parts received The cost of the activity ‘assemble product’ would change if # of parts change or design change or the quality of the components change.   0 Debasish Basu Accountant   Management Accounting Realistic approach of practical utility.... Sign up   Leave a comment Share your knowledge or experience

More on Activity Based Costing: Summary DIscussion Topics Limitations and Advantages of ABC for Budgeting Limitations ABC monitoring operations ABC in an Advertising Firm? The Cost of Non-value-added Activities ABC: reduce non value adding activities? Consequences of ABC Analysis Capacity Minutes and Industry Norms 👀 Drivers still Right? ABC Helps Companies Survive Recession Traditional Costing versus Activity Based Costing The Process of Activity Based Costing (ABC) simplified Activity Based Costing (ABC) Conditional Resources in ABC ABC in service companies such as airlines? Overhead Costing - Food Manufacturing Degree of Detail in ABC Activity Based Costing Implementation ABC and Decision making Time-driven ABC (TDABC) Activity Based Management (ABM) Calculating the Most Profitable Way of Manufacturing a Product ABC or TOC? The Differences between Activity Based Costing and the Theory of Constraints Recommended ABC Software Comparison Activity Based Costing, Time-Driven-ABC and Lean Accounting ABC Costing in Make to Order of Repetive Manufacturing Organizational Issues when Introducing ABC Over Recovery / Under Recovery Level 🔥 What is Process Costing? ABC in the Federal Environment An ABC Initiative is Only as Effective as the Software That Supports It What is Job Order Costing? How to Derive Overhead Cost from a P&L? Special Interest Group Do you know a lot about Activity Based Costing? Become our SIG Leader

Activity Based Costing Knowledge Center

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