Activity Based Costing (ABC)
Company's who use ABC method have a more chance in surviving under recession rather than company's who use Traditional Based Costing.
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Brandon, UK
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ABC vs TBC
Activity Based Costing method is more accurate for costing of products / services, customers. It also makes wastes visible where as company's can take action. The disadvantages are it is time consuming and expensive. Overall the pros outweigh the cons, even my wife feels ABC method can be used in the bedroom to eliminate any wastes and taking time (time consuming) is better.
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CHEN Patrick, China
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A Real World Example of ABC
Dear Brandon,
Actually, i'm learning ABC. You said your wife used ABC in the bedroom, could you make it detailed? Because I think a real life example other than business examples can help me understand ABC more deeply. Thanks a lot!
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