Activity-Based Costing: Implementation in Small and Medium Enterprises

Author: Douglas Hicks
Publisher:
Publish Date: 2002-11-01
Features: This book is set in the context of small and medium-sized enterprises (SMEs) and comprehensively elaborates on the fundamental principles, design, operational mechanisms, and positive role of activity-based costing (ABC) in decision-making. The book includes numerous practical cases that vividly and detailedly introduce the application of ABC in SMEs and the obstacles that need to be overcome. ABC changes the traditional cost allocation system based on direct materials and labor, replacing it with activities and processes as the basis for cost allocation. ABC provides accurate accounting information on product cost calculation, making production decisions in enterprises more scientific and offering broad application prospects. This book is an excellent textbook on activity-based costing.