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ABC (activity-based costing) - GovITwiki


ABC (activity-based costing)

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An approach to underst anding where and why costs are incurred within anenterprise. It provides the information for activity-based management; which focuseson the decisions and actions needed to reduce costs and increase revenue. ABCdiffers from traditional cost accounting in explicitly recognizing that not all costobjects place an equal dem and on support resources.

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