What do AAT’s need to know about activity based costing (ABC) ? Well, AAT guru Teresa Clarkes explains all in the latest issue of PQ magazine.
She says that ABC uses activities to absorb costs, grouping them into cost pools.
So, the costs associated with setting up machinery to produce a product would be driven by how many set-ups are needed.
But, you need to read her article on page 25 of the latest issue: https://issuu.com/pqpublishing/docs/web_pq_aug23.
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